Allied World Assurance Company Holdings, AG, has announced that Allied World U.S. has launched Independent ForceField, a new independent directors' liability product that, the company said, provides comprehensive protection for directors' personal assets when all other sources of recovery have been exhausted or otherwise impaired.

The latest in the ForceField product suite, Independent ForceField provides protection against claims arising from any actual or alleged breach of fiduciary duty or other wrongful acts, Allied said. Coverage is available worldwide on both an excess and “difference-in-conditions” basis.

Thomas Kennedy, senior vice president of professional lines at Allied World U.S., commented, “Executive management teams are more than ever exposed to lawsuits and claims. As public scrutiny and SEC investigations of directors and officers increase, the risk of insufficient or depleted limits for independent directors continues to grow. With a limit of portable liability and a broad definition of 'wrongful act' and a 'loss,' Independent ForceField addresses the multitude of risks that independent directors face today.”