umbrella product covering directors and officers, professional indemnity, employment practices and fiduciary liability coverages for mid-sized companies.

The product will allow companies with between $100 million to $1 billion in assets to purchase one policy which covers all four lines of excess insurance.

"The basket approach allows companies to cost-effectively build high aggregate coverage in key areas of exposure,'' David Lupica, vice president of financial services, said in a press release. "It also takes the guesswork out of projecting which of the primary coverages will be the most active in any given time period.'' Starr Excess has also lowered its minimum attachment point for its policy to $10 million from $25 million for the mid-sized companies.

"Companies don't have to change the way they purchase insurance,'' Mr. Lupica stated. "Our excess policy allows companies to maintain separate primary policies, maintain existing primary carrier relationships and ensure that a loss in one area of exposure doesn't erode the limits in another area of exposure.''