Category Archives: Directors & Officers

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 12 Risks of Christmas: How We Helped Santa This Year

Santa-List-645x400

Everyone knows Santa to be a great humanitarian and a “jolly old elf,” but he wants to be known for something else: business transparency. So, in our latest client meeting with St. Nick and his senior elf management, they asked … 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 →

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 →

Scariest Risks of 2014

Scariest risks 2014

As risk advisors, WillisWire bloggers tend to think less of ghouls and goblins during the Halloween season than of the frightening real risks our clients face. This year they faced more than their share of new ones, with ISIS, Ukraine, … 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 →