The professional lines operation of XL Insurance (Bermuda) Ltd has extended its portfolio of Directors & Officers (D&O) liability products with the addition of dedicated coverage for independent directors of company boards.

The subsidiary of XL Capital Ltd is offering the new product, ?A PLUS Independent,? on an excess difference-in-conditions basis with a total limit of $50 million.

Richard Banas, chief underwriting officer for XL Professional Lines, said: ?The XL Professional Lines underwriting strategy coincides with that of our customers? needs and wants.

In this case, ?A PLUS Independent? was drawn up based on customers? enquiries for a product tailored for their independent directors as an extension of existing D&O products.

?This product will respond regardless of the limit available on a standard D&O programme, thereby providing independent directors with the added security they are looking for.?

?A PLUS Independent? is a further development of the ?A PLUS D&O? product line launched last November.

Sherron Williams, SVP, Professional Lines, XL Insurance (Bermuda) Ltd, added: ??A PLUS Independent? is a product solely to serve and protect the unique needs of independent directors and ultimately assists our customers in attracting and retaining talented leaders.?

@EDITRULE:

Sbi hosts Citrix forum

Sbi is hosting the first Bermuda Citrix Users Forum at the Fairmont Hamilton Princess today.

The guest speaker Michael Fouts, a senior manager for Citrix Systems covering North America.

He is responsible for recruiting, training and educating the North America Systems Engineering teams and is also a subject matter expert on Citrix technologies and a frequent author of Citrix Educational Series material and courseware.

Sbi?s Vicky Weth will also be speaking at this Forum. She is the first person in Bermuda to receive the prestigious Citrix Certified Integration Architect (CCIA) certification which encompasses Citrix recommended design and methodology.

Topics to be covered are Citrix Business Solutions Strategy and Direction, Remote Access Best Practices, Citrix New Product Announcements including Access Suite 4.0 Presentation Server 4.0, Password Manager 4.0, and Access Gateway 4.0.

Citrix?s has an impressive customer base including 100 percent of the Fortune 100 companies. In the first quarter of fiscal 2005, Citrix achieved revenue of $202 million, compared to $161 million in the first quarter of fiscal 2004, representing 25 percent revenue growth.