New Directors & Officers Liability Facility
We are pleased to share a new Directors & Officers Liability Facility developed in cooperation with our one of the top A rated secuities, providing pre-agreed underwriting capacity for eligible risks across selected Latin American territories.
This facility is effective immediately and is structured as a quote facility, designed to support the placement of qualifying commercial private company D&O risks within a defined underwriting framework.
The facility has been developed for SME and Middle Market business and provides capacity of up to USD 5,000,000, with pre-defined premiums and limits available through established pricing grids.
This solution has been designed to provide an efficient and practical option for placing private company D&O risks, particularly where clients seek access to strong security, streamlined underwriting, and predictable capacity within a structured framework.
The facility supports:
Private, non-state-owned commercial companies only
SME segment (Turnover below USD 200M)
Middle Market segment (Turnover below USD 1B)
Primary and Excess placements
100% reinsurance support up to USD 5M per layer
Co-reinsurance structures possible for layers above USD 5M
AIG 360 and/or similar wordings can be considered
Key underwriting parameters include:
Minimum 2 years trading history
No US exposure, except where US revenues are below 5% of total revenues
Clean warranty statement and related financial criteria required
Risks subject to territory eligibility and excluded industry screening (NAIC exclusions apply)
Sensitive risks excluded
Financial Institutions excluded
Public companies excluded
Country-specific exclusions apply in certain jurisdictions, including Colombia, Panama, Bolivia, El Salvador, Argentina and Ecuador, subject to placement structure and applicable requirements.
We believe this facility can provide a valuable additional solution for private company D&O opportunities in the region, particularly for risks requiring efficient access to capacity within a disciplined underwriting structure.
We will be looking forward to reviewing new submissions and exploring opportunities together under this facility.
For submissions and/or further details, please feel free to reach out to serturk@nebulamga.comand FL@nebulamga.com