US brokers lead $25mn D&O programme

Three US wholesale brokers have teamed up to launch a $25mn public
directors' and officers' (D&O) programme through
Lloyd's.
The brokers CRC, AmWins and Swett & Crawford will place the
coverage through three syndicates at Lloyd's.
The CAS facility offers excess and broad side difference in
conditions coverage, and will be written by Hiscox, Chubb and
Starr.
It will begin binding risks with effective dates starting on 1
December, the brokers said in a statement.
Jason Whit