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Validus Specialty Underwriting Services Inc. said Thursday it is introducing admitted directors and officers liability coverage for private companies.
Validus Specialty, a unit of Hamilton, Bermuda-based Validus Holdings Ltd., said the customizable coverage can provide D&O, employment practices liability, fiduciary liability and commercial crime and cyber liability on a combined or stand-alone basis.
The statement said also that Julianne McAdams, who will be based in Atlanta, has joined Validus Specialty as senior underwriter of commercial D&O liability.
Ms. McAdams will focus on complex risks across mid- to upper-middle-market clients, inclusive of public and nonpublic organizations, the statement said.
American International Group Inc.’s proposed purchase of Validus Holdings Ltd. for $5.56 billion will bring the U.S. insurer a reinsurance business, a Lloyd’s of London platform and a strong foothold in the third-party capital sector.