New Zodiac Insurance D&O Policy Targets Small Global Financial Institutions
Lloyd’s broker AFL Insurance Brokers Ltd’s independent USA managing general agent subsidiary Zodiac Insurance Services has launched directors and officers (D&O) capacity for the small global financial institutions (Small FI) market.
Partnering with underwriters at Lloyd’s, Zodiac has created a new Small FI coverage for smaller accounts that offers an appropriate cost and deductible structure. This approach is available to assist small to middle market D&O buyers of almost every type, particularly special purpose companies.
The Small FI market typically includes insurance captives, “desk drawer” insurers, self-funded groups, and other special purposes entities.
Zodiac Insurance specializes in complex classes of business and difficult placements. It is focused on products for professional insurance, entertainment insurance, event insurance and specialist business.
AFL Insurance Brokers (AFL) is a privately-owned Lloyd’s broker founded in 2008. It has offices in London and Manchester and is also part of the Worldwide Broker Network (WBN), an organization of privately held insurance brokers, controlling premiums in excess of $50 billion.