Why the Nareit Program Stands Apart
- Alliant, through its acquisition of Crystal & Company, has been a trusted advisor in providing unique insurance solutions to Nareit members for over 30 years.
- Arch Insurance, the endorsed carrier since 2009 and an A+ XV AM Best rated company, delivers a proprietary D&O policy specifically engineered for REITs and supports the program with a dedicated REIT-focused underwriting team.
- Together, Alliant and Arch offer insight into the financial, legal, and regulatory landscape affecting REITs, enabling consistent innovation and superior protection.
Through this partnership, Nareit members receive access to the Arch‑backed Directors, Officers and Corporate Liability Insurance Policy, recognized for its strength, flexibility, and industry-leading coverage.
Download the Nareit D&O program flyer (PDF)
2026 Nareit D&O Enhancement Endorsement Strengthens Protection for REIT Directors and Officers in a Rapidly Evolving Risk Environment
In 2025, Nareit, Alliant Insurance Services, and Arch Insurance undertook a comprehensive review of the Directors & Officers (D&O) liability insurance program available exclusively to Nareit corporate members.
This evaluation focused on emerging risk trends, evolving regulatory pressures, and the ongoing need for specialized protection tailored to the REIT industry. The result: a newly enhanced D&O endorsement, released Jan. 1, 2026, and now available to all participants in the Nareit primary D&O insurance program.
Crafted through collaboration between Nareit, Alliant, and Arch, the 2026 enhancement endorsement corresponds to contemporary real estate claims trends and strengthens protection for both individual directors and officers as well as REIT entities facing securities-related exposure.
Key enhancements include:
- Expanded definitions of Claim, Securities Claim, and Wrongful Act
- Updated Insured Person definition to include Chief Information Security Officer (CISO) or equivalent cybersecurity leadership
- More favorable exclusionary language
- Revised fraud exclusion wording
- Enhanced defense and settlement verbiage
- New Crisis Fund Coverage sub-limit
- New Asset Protection Coverage sub-limit
These updates, among other enhancements, ensure members receive broader, clearer, and more responsive coverage at a time when REITs face heightened scrutiny and rapidly evolving liability risks.
Download the Nareit D&O program flyer (PDF)
Program Contact
Tim Crowley, Senior Vice President, Alliant - timothy.crowley@alliant.com
Steve Kelly, Nareit Program Administrator, Alliant - steve.kelly@alliant.com
Alliant – alliant.com
Howard Sider, Senior Vice President, Arch Insurance - hsider@archinsurance.com
Christian Hartman, Vice President, Arch Insurance - chartman@archinsurance.com
Arch Insurance – archinsurance.com
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