Zurich has introduced Financial Institutions Select, a newmanagement liability/professional liability policy that reflectsthe needs of financial institutions and includes more than 75 newcoverage enhancements to respond to the current landscape of riskfaced by the management of financial institutions.

The Zurich Financial Institutions Select insurance policy offers10 coverage options to choose from: Management Liability, ExcessSide-A Liability, Private Company Securities, Public CompanySecurities, Employment Practices Liability, Fiduciary Liability,Professional Liability, Lender Liability, Trust DepartmentLiability and Security & Privacy Protection.

Among the highlights of the new groundbreaking policy are:

o Retired Independent Directors Side A coverage that provides anadditional level of protection for retired independent directorswith personal Side A coverage after all other insurance protectionis exhausted

o An Environmental Mismanagement extension that providescoverage for traditional management liability exposures, such assecurities claims, retaliation claims against insured persons,non-securities misrepresentation claims and Side A coverage claimsarising out of or attributable to actual, or alleged, climatechange or global warming

o Non-rescindable Side A coverage

o Guaranteed right to an initial public offering D&Oinsurance quotation (Private Securities coverage section)

o Management Liability coverage that offers a broadeneddefinition of claims that includes costs associated with civil,criminal, administrative or regulatory investigations of an InsuredPerson

o A unique e-discovery endorsement offering e-discovery coststhat are part of otherwise-covered Defense Costs and providingadditional separate limits with no retention plus, no additionalcost readiness assessments and preferred rates

o Professional Liability Coverage that provides insurance forclaims against the entity for a broad range of services. Optionalcoverage is available for Broker Services Liability, InsuranceAgent Services Liability and IRA/Keogh Services Liability

o An Extended Reporting Period (ERP) enhancement that allows anyindividual Insured Persons to elect this option at customizedrates, if the policyholder declines to purchase the ERP

o Run-off Coverage, if selected, that offers coverage for claimsarising from pre-acquisition wrongful acts of directors andofficers

o Security & Privacy Protection offering first party andthird party coverage with a supplementary limit for Securitybreaches

o An expanded definition of subsidiaries that now includeslimited liability companies, foundations and political actioncommittees sponsored by the policyholder

"Financial Institutions Select is designed to meet the needs offinancial enterprises' directors and officers in today's highlylitigious and uncertain business environment," Christopher Taylorsaid, president of Zurich North America Commercial's FinancialEnterprises unit.