AmWINS, CRC, Swett & Crawford form Lloyd's executive risks facility

U.S. wholesale brokers CRC Insurance Services Inc., AmWINS Group Inc., and The Swett & Crawford Group Inc. have formed a new directors and officers program at Lloyd’s of London called the CAS Facility.

Intended for the North American market, the D&O program offers $25 million in capacity and provides excess and Side A difference-in-conditions coverage, which offers additional liability protection for a company’s directors and officers, according to a statement Swett & Crawford released Thursday.

Lloyd’s syndicates of Chubb Corp., Hiscox Ltd. and Starr Cos. will provide the capacity, a spokesman for the facility said. The brokers will begin binding coverage Dec. 1, according to the statement.

Additional protection for CAS Facility users will be provided by Lloyd’s central assets, according the statement.

The CAS Facility is a way “for every retail broker in North America to access Lloyd’s,” Jason White, managing director of Swett & Crawford’s professional services group, said in the statement.