National Indemnity backs XL’s D&O policies

Berkshire Hathaway’s National Indemnity has agreed to provide guarantees on directors and officers insurance policies offered by XL Capital Ltd’s global insurance unit XL Insurance. “Given today’s business climate, we believe that this enhanced ‘Side A’ coverage, for individual Directors & Officers, addresses both client and broker need for a program that offers the utmost protection to directors and officers in the event that the client’s indemnity coverage fails to respond,” said David Duclos, chief executive officer of XL Insurance. The endorsement offers clients the option to add an additional layer of protection from National Indemnity. XL’s Side A directors & officers liability policies offer personal asset protection in situations when other sources of insurance or indemnification are unavailable.