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Swiss Re Files Executive Risk Crime Program in Connecticut

Swiss Re Corporate Solutions has filed a new Executive Risk Crime insurance program in Connecticut, with a January 1, 2027, effective date.

Filed through Swiss Re Corporate Solutions America Insurance Corporation, the standalone product is intended to accompany the insurer’s public or private directors and officers and errors and omissions policies.

Commercial customers can select coverage for employee theft, client theft, ERISA plan theft, social engineering and impersonation fraud, forgery, funds transfer fraud and computer crime. Other options include corporate credit card, premises, in-transit and counterfeit currency coverage.

The program also provides specified expense sublimits for preparing proof of loss, computer investigations and certain legal expenses. Coverage operates on a discovery basis, subject to the policy’s reporting requirements and other terms.

Swiss Re said it developed the rating plan using comparable competitor products because it lacks experience with the new program. Premiums will reflect factors including the customer’s operations, exposures, selected limits, retentions and coverage choices.

Connecticut acknowledged receipt of the exempt rate and rule filing November 9.

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