Bermuda-based Axis Capital Holdings (Axis) has announced plans to provide directors' and officers' (D&O) cover through its Bermuda-based subsidiary, Axis Specialty.
Axis Specialty will cover up to a $25m limit of liability.
Axis president and chief executive officer, John Charman, said the move was in response to a surge in demand for D&O cover and an increase in Bermudan capacity.
He said: "There is a heavy demand for greater insurance capacity in the D&O arena, with insurance brokers looking to Bermuda companies to provide the additional limits their corporate customers need."
