Everest issue Reit management liability policy

Everest Insurance has released a new real estate investment trust management liability policy.

It is called Everest Elevation Reit Management Liability Policy.

The new form has been designed to address directors and officers exposures specific to Reits.

The company said the form’s “streamlined structure is easy to navigate and provides market-leading D&O terms similar to those offered in Everest’s new Management Liability Policy, which was released in April 2018”.

Charlie Higham, head of financial institutions, said: “At Everest, with each product that we bring to market, we are committed to providing enhanced value to our customers.

“Everest Elevation is an innovative product branded and tailored to respond to the unique structure and exposures of real estate investment trusts. This product will enable us to provide specialised service to our Reit clients and will serve to complement our proven track record and dedication to underwriting and claims excellence.”

Everest Insurance markets insurance on behalf of Bermudian-based Everest Re Group Ltd.