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RT Specialty’s Retired Directors Assurance Underwriting Services (RDAUS) Announces Full Underwriting Authority for Retired Directors Assurance

RT Specialty’s Retired Directors Assurance Underwriting Services (RDAUS) Announces Full Underwriting Authority for Retired Directors Assurance

August 3rd, 2015, CHICAGO, IL – R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, announced today a new binding authority for the Retired Directors Assurance (RDA) policy, which provides contingent liability coverage for individual retired Directors (Side A Coverage) on a six year basis.

The RDA policy coverage is underwritten by Retired Directors Assurance Underwriting Services (RDAUS), a Managing General Agent for QBE Specialty Insurance Company, the policy carrier.

Philip L. Blais, President and CEO of RDAUS says of the new binding authority, “We are pleased to be in a position to offer this very important coverage to retired directors of public, private and non-profit organizations in the U.S. Our ability to underwrite, quote, bind and service business from our Dallas, Texas location for all North American retailers will provide trading partners and clients with superior service.”

The RDA policy will be underwritten in Dallas, Texas by the RDAUS team that includes Philip L. Blais and Philip T. Blais, both seasoned directors and officers underwriters.

The RDA policy provides:

  •  Six year runoff coverage;
  •  Limit options up to $10,000,000;
  •  No deductible provisions;
  •  Full prior acts coverage;
  •  Excess over all other insurance and indemnity agreements;
  •  Non-cancelable – non rescindable;
  •  Underlying coverage and exposure assessment feature (each year for six years);
  •  Stand-alone dedicated limits;
  •  Non-pyramiding limit provisions;
  •  Expanded difference-in-conditions (DIC) provisions for ERISA, Pollution, etc.;
  •  Full punitive damages cover;
  •  No insured vs. Insured exclusion;
  •  Spousal-Domestic Partner Liability extension;
  •  And more

RDAUS specializes in underwriting various exposures in the public, private and non-profit sector.

For more information on this release, contact Tara Shertenlieb, (816) 412-7564, tara.shertenlieb@rtspecialty.com.

For more information on RSG and its subsidiaries, contact Chelsey Krull, (312) 784-6043, ckrull@ryansg.com.

 

About R-T Specialty, LLC and Retired Directors Assurance Underwriting Services (RDAUS)

Retired Directors Assurance Underwriting Services (RDAUS) is a division of R-T Specialty, LLC. R-T Specialty, LLC is an independent wholesale brokerage concentrating on tough property, casualty, transportation and professional liability risks, RT does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available from surplus lines insurers. R-T Specialty, LLC (RT) is a subsidiary of Ryan Specialty Group, LLC (RSG), a global holding company which includes highly-specialized underwriting companies through RSG Underwriting Managers, LLC, a London operation, wholesale brokerage and other specialty services designed specifically for agents, brokers and insurers. In California: R-T Specialty Insurance Services, LLC License #0G97516.

For more information on RSG and RT, visit www.ryansg.com and www.rtspecialty.com.

 

Retired Directors Assurance

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