LONDON--(BUSINESS WIRE)--Three of the largest US wholesale firms, CRC, AmWINS Brokerage, and Swett & Crawford have announced the launch of a new $25M public D&O program at Lloyd’s called the CAS Facility. The facility, which offers Excess and/or Side A DIC coverages, is only available through those three wholesale brokers and will begin binding risks with effective dates starting on 1 December 2014.

Aimed at the North American market, the CAS Facility is an A-Rated program backed 100% by Lloyd’s of London paper. Licenced and permitted in 87 countries, Lloyd’s features a geographical split uncorrelated from North American domestic capacity. An additional layer of protection for CAS policyholders will also be provided by the Lloyd’s Central Fund.

Jason White, Managing Director, Swett & Crawford Professional Services Group said, “The $25M dedicated capacity is bigger than most other D&O markets which typically offer $10M so it’s a more efficient way to place risk. Lloyd’s has written D&O since its inception and this facility is a great way for every retail broker in North America to access Lloyd’s. Lloyd’s has built its reputation being committed to long term relationships with their insureds through many challenging times.”

Bill Dixon, Executive Vice President, AmWINS Brokerage, said: “We are pleased to be in a position to offer our public D&O clients value-added Excess and/or Side A D&O Coverage with meaningful limits through the newly formed CAS Facility, a cooperative effort among the three leading U.S. wholesale brokerage firms and three of the leading D&O underwriters in the Lloyd’s market."

Garrett Koehn, Regional Director, CRC said: “We are excited to participate in this facility, which brings much-needed public D&O capacity into the wholesale marketplace, and targeted distribution to the Lloyd’s market. It’s a win-win for all parties.”

To access the CAS facility call:

Jason White at Swett & Crawford on +1.213.439.3417

David Lewison at AmWINS on +1.212.858.8975

Garrett Koehn at CRC on +1.415.675.2278.

Ends

Notes to editors

About Swett & Crawford Group

Swett & Crawford has 100 years of experience in helping to mitigate the risks of doing business here and around the globe. Headquartered in Atlanta, Georgia, the blended strength of Swett & Crawford and Cooper Gay, with a combined $4 billion in premiums, delivers one of the world’s largest global wholesale brokerage and reinsurance organizations.

Swett & Crawford serves independent agents and brokers through specialized Property, Casualty, Oil & Gas/Energy, Professional Services, Transportation, Reinsurance, Marine and Underwriting Practice Groups as well as the newly added Accident and Health division. These groups/divisions provide access to commercial insurance products and programs, including property and casualty coverages, products liability, reinsurance, professional liability, commercial and public auto liability as well as a host of customized binding authorities and exclusive programs tailored to specific industries, businesses and professionals.

Additional information may be found at www.swett.com.

About AmWINS Group, Inc.

AmWINS Group, Inc. is a leading wholesale distributor of specialty insurance products and services. AmWINS has expertise across a diversified mix of property, casualty and group benefits products. The firm also offers value-added services to support some of these products, including product development, underwriting, premium and claims administration and actuarial services. With over 3,300 employees worldwide, AmWINS handles over $10.2 billion in premium annually through four divisions: Brokerage, Underwriting, Group Benefits and International.