More insurers participating in D&O ESG initiative: Marsh
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Marsh LLC said Thursday the London-market arms of American International Group Inc., Berkshire Hathaway Specialty Insurance, Sompo International, Starr Insurance Cos., Hartford Financial Services Group Inc. and Zurich Insurance Group are participating in its directors and officers liability insurance ESG initiative.
The initiative, which launched last year, recognizes U.S.-based clients with superior environmental, social and governance frameworks.
Marsh also said it has introduced various coverage enhancements including a “Side D” entity coverage for regulatory investigation costs relating to climate-related financial disclosures within its London insurer-backed Delta D&O facility.
Only clients not publicly traded in the U.S. that score highly using various ESG metrics, including Marsh’s ESG risk rating tool, are eligible for the coverage, Marsh said.
An extra reinstatement of policy limits under Marsh’s “Side A” difference in conditions coverage, which is provided by its Lloyd’s of London-backed Alpha D&O facility, will also be available to clients globally with high ESG scores.
