ACE Bermuda offers a secure source of quality directors and officers insurance protection through its subsidiary Corporate Officers & Directors Assurance Ltd. (CODA). CODA was formed by its policyholders in 1986 and acquired by ACE Bermuda in 1993.
The innovative CODA policy form is designed to give comprehensive financial protection to directors and officers when their company fails to indemnify them, or when traditional insurance programs fail to respond to their needs.
CODA announces Policy at Inception
In February 2008, CODA announced that effective March 1, 2008 all CODA policies would be issued at inception. It also announced the launch of its new 2008 CODA Premier Policy aimed at the North American business market featuring the ability for clients to customize their person asset protection.
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