LONDON, November 14, 2023 — WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announced the launch of A Star, a cutting-edge excess layer D&O insurance solution for directors and officers. The new facility provides streamlined access to up to £/$/€ 80,000,000 additional capacity for Directors' & Officers' liability insurance, ensuring comprehensive protection for non-indemnified loss scenarios.
A-Star provides a vital protective layer above primary Directors' & Officers' insurance. With enhanced coverage and additional capacity, it provides directors, officers, and insured individuals with peace of mind in the face of uncertainties. A-Star safeguards against liabilities not indemnified by their company, be it due to legal restrictions, insolvency, or denial of indemnification.
Eve Richards, FINEX GB Head of D&O, said, “A-Star directly responds to our clients' evolving needs, underscoring our unwavering commitment to their success in a dynamic business landscape. Our annual D&O survey further demonstrates our dedication to providing client-centric solutions."
Marcus Porter-Wight, Head of GB FINEX, WTW, emphasised, "A-Star's unique structure harnesses the benefits of both Lloyd’s and Company market capacity, offering dynamic solutions tailored to our clients' needs. It provides our clients with dedicated coverage that shields their directors and officers from uncertainties. This innovative solution is a direct response to our clients' evolving needs, reflecting our unwavering commitment to their success in a dynamic business landscape.”
Additionally, WTW has introduced its annual D&O survey, providing valuable insights into the ever-evolving landscape of directors' and officers' liability. To participate please access the survey here: Directors' and Officers' Survey 2023/2024
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance.
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