Swiss Re Corporate Solutions expands its Executive Risk offering by launching SwissGuard®, a multi-coverage, management liability policy designed for non-profit and private companies.
SwissGuard® insures against Directors and Officers Liability, Employment Practices Liability and Fiduciary Liability for US-domiciled companies. It protects against claims derived from mergers and acquisitions activity, financial performance, employment matters and breach of fiduciary duty, among others. SwissGuard® is available in all fifty states, including California. These products can be purchased individually or on a combined basis.
"The number and types of risks that companies face are on the rise – from investors to competitors to regulators to employment matters," states Paul Rodriguez, Head Executive Risk North America. "SwissGuard® enables companies to better manage this increasing risk."
Through the purchase of Employment Practices Liability coverage, insureds gain access to employment practices risk management services, complimentary employment seminars and a call-in helpline.
Mr. Rodriguez adds, "We remain committed to building long-term relationships with our clients throughout their companies' lifecycles, including going public transactions. As evidence of our commitment, SwissGuard® contains a Public Company Coverage Quote section built into our base form."
SwissGuard® provides tailored coverage to companies across sectors, including manufacturing, professional services, healthcare, education and retail. This product can be issued on admitted or non-admitted paper.
Our offerings are underwritten on carriers licensed for the product and jurisdiction and range from standard risk transfer covers and multi-line programs, to highly customized solutions tailored to the needs of our clients.