Marsh launches Delta D&O to protect firms against regulatory and reputational risks

Marsh has launched Delta D&O to provide clients with more comprehensive insurance protection from growing regulatory and reputational risks.

Delta D&O has been created in conjunction with eight market-leading insurers and offers a choice of directors and officers (D&O) insurance products, which it says features over 100 enhancements on most standard policy wordings.

It says the new Delta D&O provides cover on an ‘each single claim’ basis, rather than an aggregate limit, meaning that the total insured limit is available for each new unrelated claim made during the policy period, “helping to significantly reduce the uncertainty and potential additional financial outlay usually associated with ‘limit exhaustion”.

Marsh senior vice president in financial and professional practice Leslie Kurshan said: “Today, directors are making management decisions in the context of a challenging economic climate, evolving regulation and heightened regulatory scrutiny. Many are increasingly worried that decisions made today, based on current information, could be attacked later with the benefit of hindsight. For directors, this means the potential for civil, regulatory and criminal liability.”