Validus unveils D&O coverage for private firms

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.