Forex4you extends PL, D&O insurance deal with Willis Group Holdings

Forex4you extends PL, D&O insurance deal with Willis Group Holdings

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E-Global Trade and Finance Group Inc., the entity behind the Forex4you brand, has extended by a year its agreement for professional liability (PL) and directors’ and officers’ (D&O) insurance with international insurance company Willis Group Holdings, the brokerage said on Friday.

The deal is valid from 4 June, 2016, until 3 June, 2017, and envisions an insurance cover of up to $5.0 million.

This is the second year in a row that Forex4you signs with Willis Group Holdings. The deal was signed with insurer Nexus Underwriting Ltd. on behalf of PartnerRe Ireland Insurance Ltd.

Professional liability insurance covers an entity’s malpractices in case of lawsuits, while directors’ and officers’ insurance represents a type of insurance which is payable to an entity or to its directors and officers in case of legal disputes against the company or its management arising from negligent practices resulting from decisions of managers or officers.

UK-based Willis Group Holdings is a global advisory, broking and solutions provider. It is present in more than 120 countries and operates more than 400 offices worldwide.

E-Global Trade & Finance Group oparates under the brand Forex4you. The company is based in the British Virgin Islands and is licensed by the local financial regulator, the Financial Services Commission (FSC). Forex4you’s clients can choose between Cent, Classic, and Pro demo and live trading accounts, as well as automated trading via PAMM accounts. It only provides services based on the MetaTrader 4 (MT4) forex trading platform.

Source: Forex4you

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