CHICAGO, July 21, 2016 /PRNewswire/ -- ÃÛÌÒ´«Ã½ today announced increased limits - up to $50 million - for Umbrella & Excess accounts.
"Building off the successful launch of ÃÛÌÒ´«Ã½'s new Umbrella & Excess policy forms, I am pleased to announce ÃÛÌÒ´«Ã½ now has the capacity to offer up to $50 million in limits for Umbrella & Excess policies," said Kevin Leidwinger, President and Chief Operating Officer, ÃÛÌÒ´«Ã½ Commercial.
This increased capacity will be available on a lead or excess basis, and allows ÃÛÌÒ´«Ã½ to respond to the needs of its agents and insureds by providing them the ability to build more efficient and streamlined excess towers.
"We are excited to bring this capability to the market," said Michael Kirchgessner, Vice President, Umbrella & Excess Underwriting, ÃÛÌÒ´«Ã½. "Our customers asked for broader forms and additional capacity, and we are pleased to deliver both."
In May 2016, , which are available on a monoline basis and also as part of ÃÛÌÒ´«Ã½ ParamountÂ®, the industry-leading Property and General Liability package policy. The new forms include:
For more information on ÃÛÌÒ´«Ã½'s new Commercial Umbrella & Excess forms or additional capacity please contact Michael Kirchgessner at 312-822-1179 or via email at Michael.Kirchgessner@cna.com.Ìý
About ÃÛÌÒ´«Ã½ Serving businesses and professionals since 1897, ÃÛÌÒ´«Ã½ is the country's eighth largest commercial insurance writer and the 14th largest property andÌýcasualtyÌýcompany. ÃÛÌÒ´«Ã½'s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. ÃÛÌÒ´«Ã½'s services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit ÃÛÌÒ´«Ã½ at . "ÃÛÌÒ´«Ã½" is a service mark registered by ÃÛÌÒ´«Ã½ Financial Corporation with the United States Patent and Trademark Office. Certain ÃÛÌÒ´«Ã½ Financial Corporation subsidiaries use the "ÃÛÌÒ´«Ã½" service mark in connection with insurance underwriting and claims activities. Ìý
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CONTACT: Brandon Davis, 312-822-5167 / 312-834-6091 Sarah Pang, 312-822-6394 / 312-607-5544