Pension & Welfare Benefit Plan Fiduciary Liability
Professional
XL Catlin offers fiduciaries personal asset protection for damages they are legally obligated to pay as a result of deliberate or unwitting wrongful acts and for the costs associated with defending allegations of wrongful acts.

Product details

Capacity

Typically up to USD/EUR 25m

Coverage

Protects pension scheme and benefit plan trustees and administrators, sponsoring employers, corporate trustees and the scheme itself against claims arising from breach of fiduciary obligations in connection with company plans and schemes

• Insured person cover

• Company, plan and corporate trustee company liability and reimbursement cover

• Exonerated loss cover

Coverage includes:
• Broad definition of insured including the company, corpo¬rate trustees, constructive trustees, directors and officers, and administrators, managers, trustees, employees and internal dispute managers of the company, the pension scheme or plan.

• Loss of documents cover which the insured is legally responsible

• Investigation Cover

• Crisis containment expenses – to prevent or limit the adverse effects or negative publicity which may arise from a claim or investigation.

• Extradition Proceedings

• Prosecution costs

• Third Party Pursuit costs

• Emergency defence costs

• Indemnity for Beneficiaries

• Contribution notice costs for insured persons

• Cover for civil fines and penalties imposed by the Pensions Regulator, the Pensions Ombudsman or other regulatory authority - which are insurable

Client Profiles

•  Privately held and publicly traded companies

•  From SME enterprises to multi-national corporations

•  Cover for plans and schemes located anywhere in the world

•  Not available for US domiciled policyholders

Typical Information Required

•  Type of plan (defined benefit or defined contribution) and funding status

•  Latest plan financials and actuarial valuations

•  Claims history

Benefits & Services

•  Dedicated and experiences financial lines underwriters in all territories in which we operate.

•  Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Attachment Point

Primary and excess

Coverage

Protects pension scheme and benefit plan trustees and administrators, sponsoring employers, corporate trustees and the scheme itself against claims arising from breach of fiduciary obligations in connection with company plans and schemes

• Insured person cover

• Company, plan and corporate trustee company liability and reimbursement cover

• Exonerated loss cover

Coverage includes:
• Broad definition of insured including the company, corpo¬rate trustees, constructive trustees, directors and officers, and administrators, managers, trustees, employees and internal dispute managers of the company, the pension scheme or plan.

• Loss of documents cover which the insured is legally responsible

• Investigation Cover

• Crisis containment expenses – to prevent or limit the adverse effects or negative publicity which may arise from a claim or investigation.

• Extradition Proceedings

• Prosecution costs

• Third Party Pursuit costs

• Emergency defence costs

• Indemnity for Beneficiaries

• Contribution notice costs for insured persons

• Cover for civil fines and penalties imposed by the Pensions Regulator, the Pensions Ombudsman or other regulatory authority - which are insurable

Client Profiles

•  Privately held and publicly traded companies

•  From SME enterprises to multi-national corporations

•  Cover for plans and schemes located anywhere in the world

•  Not available for US domiciled policyholders

Typical Information Required

•  Type of plan (defined benefit or defined contribution) and funding status

•  Latest plan financials and actuarial valuations

•  Claims history

Benefits & Services

•  Dedicated and experiences financial lines underwriters in all territories in which we operate.

•  Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Attachment Point

Primary and excess

Information & Research

Claims Management – North America Professional Products

Contacts

Pension Welfare Benefit Plan NA

Email submissions to: Submissions@xlcatlin.com

Attachment Point

Primary and excess

Capacity

Typically up to USD/EUR 25m

Coverage

Protects pension scheme and benefit plan trustees and administrators, sponsoring employers, corporate trustees and the scheme itself against claims arising from breach of fiduciary obligations in connection with company plans and schemes

• Insured person cover

• Company, plan and corporate trustee company liability and reimbursement cover

• Exonerated loss cover

Coverage includes:
• Broad definition of insured including the company, corpo¬rate trustees, constructive trustees, directors and officers, and administrators, managers, trustees, employees and internal dispute managers of the company, the pension scheme or plan.

• Loss of documents cover which the insured is legally responsible

• Investigation Cover

• Crisis containment expenses – to prevent or limit the adverse effects or negative publicity which may arise from a claim or investigation.

• Extradition Proceedings

• Prosecution costs

• Third Party Pursuit costs

• Emergency defence costs

• Indemnity for Beneficiaries

• Contribution notice costs for insured persons

• Cover for civil fines and penalties imposed by the Pensions Regulator, the Pensions Ombudsman or other regulatory authority - which are insurable

Client Profiles

•  Privately held and publicly traded companies

•  From SME enterprises to multi-national corporations

•  Cover for plans and schemes located anywhere in the world

•  Not available for US domiciled policyholders

Typical Information Required

•  Type of plan (defined benefit or defined contribution) and funding status

•  Latest plan financials and actuarial valuations

•  Claims history

Benefits & Services

•  Dedicated and experiences financial lines underwriters in all territories in which we operate.

•  Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Attachment Point

Primary and excess

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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