Blogger Archives: Francis Kean

Francis Kean

Francis is an Executive Director in Willis’ FINEX Global, where he specializes in insurance for Directors & Officers (D&O) of companies. He joined Willis in 2010 and has 25 years of experience as a leading litigation lawyer specializing in professional indemnity, financial institutions and directors and officers liability in the London insurance market.

How Do You Solve a Problem Like Local Policy Limit Burn?

global pins

I understand that this is a less catchy title than the one for the recent BBC television programme. It is, though, still something that exercises the minds of risk managers responsible for placing large international D&O programmes (and maybe other … Continue reading →

English Supreme Court Not Impressed With Corporate Vehicle Run By Arab Prince

Britain Saudi Arabia

Not long ago I blogged about the case of an Arab Sheikh who was a director of  a company involved in litigation in the UK and was made subject to UK jurisdiction even though he was resident in Saudi Arabia.  … Continue reading →

The SFO Secures its First Bribery Act Convictions: Watershed or Damp Squib?

behind bars

It’s been a long time coming but the SFO have at last succeeded in securing its first convictions under the Bribery Act which came into force over three years ago. Given that the Act, by common consent, contains some of … Continue reading →

You Can’t go Far These Days in the Insurance World Without Hearing About Cyber

cyber risk to directors

Everyone wants to talk about cyber. I was recently invited to a cyber-conference in which the blurb said there were over 80 cyber products out there offered by more than 60 different providers. The promise was to debunk the myths … Continue reading →

The Dangerous Intersection Between Indemnities and Insurance in a D&O Context

amber traffic light

What happens when a company grants an indemnity to someone and at the same time agrees to procure insurance for them as part of the company’s own insurance arrangements? Sounds relevant to D&O insurance? You bet. Continue reading →

US Long-Arm Jurisdiction Creates New Terrorism Headaches for Banks (Among Others)

terrorism funding

I am indebted to John Blancett, partner of law firm SDMA for drawing my attention to a startling decision of the US Court of Appeal for the Second Circuit: Tzvi Weiss et al. v. National Westminster Bank Plc (judgment delivered … Continue reading →

The Aftermath of Bribery and Corruption Can be Painful for Directors Too

aftermath of bribery

We hear a lot about the Bribery Act and the threat it poses to UK based companies and their directors. (It is indeed a subject I have blogged about too).  But what happens after the criminal process is finally at … Continue reading →

Is a Company Director Entitled to Compensation for a Failed D&O Claim?

safety-net-holes

What happens when there has been a failure to notify a claim on behalf of a company director and the relevant D&O insurance policy has since expired? Can the director apply to the Financial Services Ombudsman for compensation against the … Continue reading →

More Regulations: Just When You Thought It Was Safe to Come Out…

open_book

The UK’s Financial Reporting Council (FRC) has recently published an updated version of the Combined Code on Corporate Governance in the UK. It will apply to companies with reporting periods commencing on or after 1st October 2014. Continue reading →

Who Pays for the Defence? Bad Cases Make Good Law

write-a-check

“In English law there is, in respect of non-marine liability insurance, no right to recover defense costs…” This pronouncement (perhaps surprising and unwelcome to some) came from the Court of Appeal in its resounding rejection of the insured’s appeal in … Continue reading →

Posts by Author in Portuguese:

A apólice de seguro que tem medo de dizer seu nome – Empresas precisam de um Guru de D&O no Conselho?

D&O insurance, financial and executive risk, D&O policy, directors and officers insurance

Dadas as manchetes ao redor de escândalos financeiros, as altíssimas multas cobradas pelos órgãos reguladores, a ameaça de extradição ou de ser torrado por uma House of Commons Select Committee, agora é uma boa hora para se envolver com as … Continue reading →

Será que sua política de D&O “Walk the WALC”?

Walking the WALC

Muito (talvez até demais) tem sido dito e escrito sobre a natureza e o alcance do seguro de D&O – pelo menos, não por mim. A realidade, no entanto, é que poucos diretores (a menos que tenham sido azarados o … Continue reading →

Sigilo Profissional – Quem seu Advogado Representa?

Já escrevi sobre a questão vital, mas às vezes negligenciada, do sigilo legal/profissional e como isso pode ser desagradável para os diretores. Simplificando, a grande questão é saber se o advogado(a) que está representando um diretor da empresa, está na … Continue reading →

Farepak: Positivo para Diretores, porém Negativo para os Bancos

Lembra-se do colapso da Farepak em outubro de 2006 e a exaltação de mais de 100 mil clientes quando perderam seus depósitos de Natal e cupons de alimentação, dentre outros? Continue reading →

10 Questões que Nenhum Director Não-Executivo Deve ter Medo de Perguntar

Questions to Ask

Eu participei recentemente de um fórum de diretores não-executivos (“NED’s”). Nos reunimos para discutir como estes diretores poderiam obter níveis suficientes de conforto para que desfrutem de uma proteção adequada sob o programa de diretores e executivos da compania. Continue reading →

“Bom Senso em Negócios” Prevalece em Disputa sobre Contrato Comercial

Uma recente decisão da Suprema Corte do Reino Unido no caso Rainy Sky S.A. e outros x Kookmin Bank marca uma sutil, mas benvinda, mudança de enfoque na interpretação de contratos comerciais, inclusive, naturalmente, de contratos de seguros. O caso diz respeito ao … Continue reading →

Cuidado com cães adormecidos em Hong Kong e em outras localidades

Por quanto tempo você, como um diretor no banco dos réus, pode ficar sem fazer nada se, após ser processado, o reclamante fizer muito pouco ou nada para levar esta ação a diante? Esta é a questão com que a … Continue reading →

Dois mega processos de D&O pendentes no Japão

Oficiais e Juízes na Corte Distrital de Tóquio, provavelmente, vão fazer hora extra  nas próximas semanas e meses. Duas das maiores reclamações já apresentadas no Japão devem começar virtualmente ao mesmo tempo. As semelhanças, todavia, acabam aí: o primeiro caso … Continue reading →

Diretores que abrem mão de bônus também podem ser taxados

Enquanto a batalha contra bônus de diretores inflacionados continua inabalável no Reino Unido, dei de cara com este fragmento de informação interessante e digno de nota dos contadores da BKL sobre os perigos de abrir mão dos bônus de diretores. A BKL pergunta: “O … Continue reading →