MGA Rising Edge launches specialised D&O offering for NEDs

London-based managing general agent (MGA) Rising Edge has broadened its commercial directors’ and officers’ (D&O) offering to include a new D&O insurance product, tailored exclusively for non-executive directors (NEDs).

The new product, NED Protect, is designed to provide ring-fenced, standalone Side A D&O coverage and policy limits for individual NEDs. Additional features of the product include coverage for multiple NED appointments, a legal hotline with international law firm Clyde & Co, an extended reporting period for notifying claims, and a fast-track dispute resolution process.

Philippe Gouraud, CEO of Rising Edge, said: “Recent cases have shown that when things go wrong at board level, they can go terribly wrong for

NEDs, who can find themselves in an isolated position when defending a claim, in which they are personally brought in. We felt NEDs deserved increased protection. Innovation is at the heart of what Rising Edge does. NED Protect responds to these specific needs.”

Yoel Brightman, managing director and head of underwriting at Rising Edge, added: “Modern corporate governance standards means that NEDs are facing higher expectations and increased scrutiny from their roles on corporate boards. In the end, it is their personal liability that is engaged. 

“In response to these increased risks, we have developed a product specifically designed for NEDs, to give them that extra level of protection in addition to what they may get from standard D&O coverage.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.