Category Archives: Directors & Officers

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 →

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

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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?

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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 →

Who Wants to Be a Non-Executive Director in a Financial Services Firm?

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This is not the title of a new game show. Instead it’s a question of vital interest to the regulators and stakeholders of financial services (FS) firms. That’s because under the unitary board system, non-executives are expected to play an important … Continue reading →

A Perfect D&O Storm

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Economic headwinds, individual accountability and disruptive change, like forces of nature, are converging in a way that could change the game for directors & officers (D&O) risk. Continue reading →

What Risks Will Emerge in 2016?

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Our world is advancing at a pace that invites innovation at breakneck speed, encouraging companies to jump into untested waters. Whether it is new, disruptive technologies – such as drones – or just a new way of doing business – such … Continue reading →