Global insurance broker WTW has unveiled its latest innovation in the insurance sector with the launch of A-Star.
This cutting-edge excess layer Directors’ & Officers’ (D&O) insurance solution is designed to provide exclusive benefits and comprehensive protection for directors and officers, addressing the evolving needs of clients in a dynamic business landscape, the insurance broker noted.
A-Star introduces a streamlined access facility offering up to £/$/€ 80,000,000 in additional capacity for Directors’ & Officers’ liability insurance.
Positioned as a protective layer above primary D&O insurance, A-Star ensures enhanced coverage and additional capacity, providing directors, officers, and insured individuals with peace of mind amid uncertainties, WTW noted.
The facility safeguards against liabilities not indemnified by their company, including scenarios involving legal restrictions, insolvency, or denial of indemnification.
“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,” Eve Richards, FINEX GB Head of D&O, said.
“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,” Marcus Porter-Wight, Head of GB FINEX, WTW, emphasised.
