Property & Casualty Insurance – Professional Liability

Please note that the insurance products underwritten by Alterra Bermuda Limited are only available through a Bermuda broker. Click here for a list of Bermuda brokers.

Philosophy and Operations

Alterra Bermuda Limited and Alterra Europe plc combine strong underwriting experience with disciplined risk modeling to deliver long-term product solutions to our clients.

Directors and Officers Liability Insurance

Target Class: US and international publicly traded corporations.

Full Coverage D&O (Side A, B, C)

• Capacity available - $15 million
• Maximum policy period – 18 months
• Excess capacity only, minimum attachment point of $20 million

Side A only D&O

• Capacity available - $25 million
• Maximum policy period – 18 months
• Excess capacity only, minimum attachment point of $20 million
• Can follow standard or DIC terms

Professional Firm Management Liability

Target Class: Law Firms and other Professional Organizations

• Capacity available - $25 million
• Maximum policy period – 18 months
• Primary coverage available:
• Max Management Liability Form
• Minimum per claim SIR of $500,000
• Excess follow form coverage also available
• Can be blended with EPLI

Professional Errors and Omissions Liability Insurance (E&O)

Accountants

• Maximum capacity of $10 million
• Minimum attachment of $20 million
• Excess Layer or Quota Share Participation

Consultants

• Management, HR, Financial, Actuarial and other types of Professional Consulting
• Maximum capacity of $25 million
• Minimum attachment of $20 million
• Insurance Brokers and Agents
• Maximum capacity of $10 million
• Minimum attachment of $20 million

Law Firms

• Maximum capacity of $25 million
• Minimum attachment of $20 million
• MLI, EPL and ODL enhancements available
• Rolling three year policy period for select clients

Miscellaneous Classes

• Project Management, Reps and Warranties, Insurance Companies
• Maximum capacity of $25 million

Employment Practices Liability Insurance

• Maximum capacity of $25 million.
• Minimum attachment of $500,000 per claim
• Primary coverage using Alterra Insurance EPL form, excess using follow form wording
• Target classes – US and International Corporations and Professional Firms

Please note that the insurance products underwritten by Alterra Bermuda Limited are only available through a Bermuda broker. Click here for a list of Bermuda brokers.

Philosophy and Operations

Alterra Bermuda Limited and Alterra Europe plc combine strong underwriting experience with disciplined risk modeling to deliver long-term product solutions to our clients.

Directors and Officers Liability Insurance

Target Class: US and international publicly traded corporations.

Full Coverage D&O (Side A, B, C)

• Capacity available - $15 million
• Maximum policy period – 18 months
• Excess capacity only, minimum attachment point of $20 million

Side A only D&O

• Capacity available - $25 million
• Maximum policy period – 18 months
• Excess capacity only, minimum attachment point of $20 million
• Can follow standard or DIC terms

Professional Firm Management Liability

Target Class: Law Firms and other Professional Organizations

• Capacity available - $25 million
• Maximum policy period – 18 months
• Primary coverage available:
• Max Management Liability Form
• Minimum per claim SIR of $500,000
• Excess follow form coverage also available
• Can be blended with EPLI

Professional Errors and Omissions Liability Insurance (E&O)

Accountants

• Maximum capacity of $10 million
• Minimum attachment of $20 million
• Excess Layer or Quota Share Participation

Consultants

• Management, HR, Financial, Actuarial and other types of Professional Consulting
• Maximum capacity of $25 million
• Minimum attachment of $20 million
• Insurance Brokers and Agents
• Maximum capacity of $10 million
• Minimum attachment of $20 million

Law Firms

• Maximum capacity of $25 million
• Minimum attachment of $20 million
• MLI, EPL and ODL enhancements available
• Rolling three year policy period for select clients

Miscellaneous Classes

• Project Management, Reps and Warranties, Insurance Companies
• Maximum capacity of $25 million

Employment Practices Liability Insurance

• Maximum capacity of $25 million.
• Minimum attachment of $500,000 per claim
• Primary coverage using Alterra Insurance EPL form, excess using follow form wording
• Target classes – US and International Corporations and Professional Firms

The Professional Liability unit of Alterra USA combines the core Alterra strengths of Professional Liability underwriting expertise and disciplined risk modeling to deliver stable insurance solutions to its clients.

Alterra USA is a managing general underwriter for Alterra Excess & Surplus Insurance Company, an excess and surplus commercial lines insurer committed to providing a wide array of viable and creative solutions for your clients’ individual needs. We are focused on maintaining a consistent, financially sound and reliable market with the ability to quickly adapt to change. Our team of insurance specialists has extensive knowledge and expertise in the excess and surplus lines segment of the commercial insurance marketplace.

The Professional Liability Division at Alterra USA is dedicated to providing you with a first class underwriting and claims service facility for your professional liability needs. We write on a non admitted basis through appointed wholesalers and select retailers throughout the United States. Our appetite is for Primary and First Layer Excess positions.

Professional Errors and Omissions Liability Insurance (E&O)

Lawyers
Target Market: Firms with more than 35 attorneys

Architects and Engineers
Target Market: Firms with Revenues between $15m – $300m

Insurance Brokers and Agents
Target Market: Firms with Gross Written Premium over $75m

Miscellaneous
Target market: Middle Market professional firms not listed above

Capacity Utilization:
Primary and Excess – up to $10m on selective basis

Required Underwriting Information

Cover letter including:

• Nature of Operations
• Any special Coverage needs
• Quote needed by date
• Target Pricing
• Fully completed new business application
• Any applicable supplemental applications
• 5 year Loss History
• Web site address

Executive Liability Insurance