Category Archives: Directors & Officers

Survey: New Liabilities, Fresh Scrutiny by Regulators, and Cyber Threats Keep Directors Awake at Night

Have you had experience of a claim or investigation involving a director of your company?

We publish today the results of our fourth annual survey of directors’ liabilities which we run together with international law firm Allen & Overy. Since we began publishing this series in 2011, directors in the U.K. have become personally liable … Continue reading →

A More Litigious China in Overseas Disputes

China lawsuits

In its competition with developed economies, China is ahead in some places and behind in others. But in one area they are catching up quickly: the use of class-action law suits in international disputes. Continue reading →

Guide to Directors & Officers Liability Insurance for Financial Institutions

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D&O insurance policies offer liability coverage for managers to protect them from claims that may arise when acting in the scope of their managerial duties. Continue reading →

First Look: Inflated Risk From The New DOL Fiduciary Standard Conundrums

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The key question facing today’s financial services firms is how to assess and mitigate risks from the Department of Labor’s (DOL) expanded definition of “investment advice fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). The common theme … Continue reading →

The Perils of a Professional Indemnity Exclusion in a D&O Policy

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Where is the line drawn between directors and officers (D&O) insurance and professional indemnity insurance? The question is important not just for companies that purchase both forms of insurance but also for those who buy D&O insurance alone but nevertheless … Continue reading →

Chief Risk Officer 3.0: Darwinism at Work

CRO Darwininsm

The role of the chief risk officer (CRO) in European insurance companies has evolved quickly in the last 20 years. Now, I believe that the passage of Solvency II is moving the goalposts again. Continue reading →

Why Risk is Becoming a Boardroom Issue: Dominic Casserley and John Haley at RIMS

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As thousands of risk and insurance professionals across the industry gather for the Risk & Insurance Management Society’s annual conference in San Diego this week, I caught up with John Haley and Dominic Casserley about some of the external forces … Continue reading →

New Transparency Laws in Force Today May Catch U.K. Company Directors Unaware

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From April 6th, the Small Business Enterprise and Employment Act 2015 will introduce far-reaching changes to the very fabric from which the cloak of private companies is woven. Continue reading →

What Impact Will the Senior Managers Regime Have on Internal Investigations Involving Senior Employees?

What Impact Kean Image

Imagine you are a designated senior manager or perhaps simply someone subject to the Financial Conduct Authority’s new certification regime. Out of the blue, you are asked to attend a meeting with the company’s general counsel. After the initial pleasantries … Continue reading →

U.K. Bribery Act: SFO Flexes its Extraterritorial Muscles to Good Effect

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For a little while the Serious Fraud Office (SFO) has been hinting that it has a number of Bribery Act cases in the pipeline, and now we have our first conviction in the U.K. of a company under Section 7 … Continue reading →