Category Archives: Directors & Officers

Who Pays When There Are Conflicts of Interest Between a Company and its Directors?

divergent paths

Reading between the lines it is not hard to see how a company's “extraordinary cooperation” might have led directly to the indictment of its directors. Continue reading →

Staggering Sovereign Debt Numbers!

money stack

Occasionally I see numbers in the press which are so mind-bogglingly large that I can’t help thinking they contain squadrons of chickens or maybe black swans waiting to swoop down on unsuspecting businesses. Continue reading →

Speaking of Exclusions, What About Professional Services?

exclusion

In recent blogs I have addressed the vexed question of pollution exclusions in D&O policies.  What about another exclusion that occasionally gets wheeled out to potentially devastating effect? I have in mind the professional services or “PI” exclusions which tend … Continue reading →

Greenpeace Targets Directors, Officers, and Their Insurers

Greenpeace Campaign

On 28th May 2014 Greenpeace launched an interesting campaign from The Netherlands aimed at the senior executives of some of the largest fossil fuel and utility companies around the world and their D&O insurers. (It may be no coincidence that … Continue reading →

The Perils of a Public Listing for Professional Services Firms, or Just Bad Luck?

stocks plummet

Now a world of pain seems to be opening up for the UK’s only listed quantity surveyor Sweett Group. On 14th July it made a London Stock Exchange announcement confirming details of an investigation by the Serious Fraud Office (SFO) … Continue reading →

Corporate Manslaughter Has Not Gone Away

pall bearer

A £40,000 fine might not sound much to one of the largest container shipping companies in the world, operating in 58 companies. But in this case it is perhaps the very size of the company concerned and the nature of … Continue reading →

U.K. Court Reaches Directors Overseas

Long British Arm

We still hear a lot about long-arm jurisdiction being exercised by the United States—and rightly so. Rumours of its demise in the wake of the Supreme Court judgment in Morrison v National Bank of Australia have been way overdone. The … Continue reading →

What do the World Cup and D&O Insurance Have in Common?

Lloyds: World Cup Insurable Value

I spotted a recent headline advising that the total insurable value of all the players at the World Cup is approximately US$10 billion. This is according to a study carried out by Lloyd’s in conjunction with the Centre for Economics … Continue reading →

Halliburton Ruling May Drive Defense Costs

halliburton decision

Last week the U.S. Supreme Court handed down its much-anticipated decision in Halliburton Co. v. Erica P. John Fund, Inc. (Halliburton II) , which had been closely monitored by the legal and insurance communities for its potential to turn the … Continue reading →

Can You Insure Yourself Against Your Own Illegal Conduct?

smiling criminal

You can’t insure yourself against your own illegal conduct, right? Well, it seems only up to a point. In a recent case a driver and passenger were both injured in a car accident in which prosecutors said the driver was … Continue reading →