2011
- CODA celebrates 25 years of innovation and service.
2010
- Board empowered carve-outs to Insured v. Insured and bodily injury/property damage exclusions.
- Coverage for arbitration costs outside the limit.
- Introduces dedicated Retired Officers policy.
2008
- Introduces dedicated Retired Directors policy.
- Policies issued at inception.
- DIC feature responds within 60 days if the Company or an underlying carrier fails to pay.
2006
- Introduces dedicated officers only policy.
- Optional additional limit for independent directors within the CODA policy.
- Independent directors carved-out of the conduct exclusions.
- CODA product launched in UK market by ACE Bermuda International.
2000
- Defense costs carve out of the conduct exclusions.
- Introduces dedicated independent directors policy.
- Non rescission of policy for financial restatements.
1996
- Pollution carve-out of the bodily injury/property damage exclusion.
- Narrows the Insured v. Insured exclusion to claims brought by the Company with the participation of two or more senior executive officers.
1993
- ACE Bermuda acquires CODA and offers dedicated side A coverage.
1989
- First CODA claim payment.
1986
- Corporate Officers & Directors Assurance Ltd. (CODA) formed by 53 US corporations to provide a solution to the lack of D&O insurance for personal asset protection.
- CODA offers both primary and excess DIC - 1 and 3 year annual aggregate policies with guaranteed renewal terms based on formula rating.