Fiduciary Liability Insurance Program
NCPERS endorses Ullico's Fiduciary Liability Insurance for public pensions.
The NCPERS Executive Board has unanimously endorsed Ullico Casualty Group Inc.'s (“Ullico Casualty”) Fiduciary Liability Insurance Program, designed to safeguard public funds and trustees against claims of breach of fiduciary duty in their roles as trustees.
Key features of the NCPERS Fiduciary Liability Insurance Program include a duty-to-defend provision that grants policyholders the right to select their own legal counsel. This ensures policyholders can collaborate with their preferred defense attorneys while remaining covered under the insurance policy.
Ullico Casualty Company provides Fiduciary Liability Insurance utilizing Markel American Insurance Company paper, which holds an A (Excellent) XV rating from A.M. Best, as of November 21, 2025.
To request a quote or more information please contact -
James Martinez
Arthur J. Gallagher Risk Management Services, Inc.
Tel: 303-889-2526
Email: james_martinez@ajg.com
The NCPERS Fiduciary Liability insurance program is available through independent insurance agents and brokers.
NCPERS has no role in the administration of the fiduciary insurance program and the benefits are guaranteed solely by the insurance carrier, Ullico Casualty Group. NCPERS is compensated solely for the use its name, service marks and mailing lists