ACE European Group has launched a directors' and officers' product on the Acturis broker platform.
The auto-rated cover, specifically developed for UK private limited companies is available on a stand-alone and add-on basis. It will offer quotations and allow brokers to accept cover of up to £10m for firms with a turnover or assets of up to £150m.
The policy, based on Ace's flagship Directors and Officers Elite 3 wording, provides cover for the majority of UK trades. The system will enable brokers to receive quotes, using a short system-based application form with a minimum number of questions, and then bind online.
Once bound, brokers will receive the documentation by e-mail. The system will also enable brokers to renew cover electronically.