Blogger Archives: Francis Kean

Francis Kean

Francis is an Executive Director in Willis Towers Watson's 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.

Look out for the “Crackdown on White-collar Crime”

I was speaking at the same Cambridge Crime Symposium as made the front page of this Monday’s Times newspaper. Sadly, it wasn’t my talk on D&O and commercial crime insurance that attracted as much attention as the speech by attorney … Continue reading →

I am entitled to a lawyer being present if interviewed by the Serious Fraud Office or similar authority, right?

We have all seen enough police shows to be familiar with the mantra that you are entitled to have a lawyer present, along with the warning that: You do not have to say anything. But it may harm your defence … Continue reading →

A new insurance act comes into force–but it’s not that one!

A lot has been written (not least by me) about the new Insurance Act which is due to come into force in August of this year.  It has rightly been described as one of the most important pieces of U.K. … Continue reading →

The Senior Managers Regime – Just a Matter of Doing the Right Thing?

The Senior Managers’ Regime (SMR), due to come into force in March 2016, is the U.K. financial regulators’ response to widespread concern that bank executives were not held personally responsible for the huge losses of the financial crisis. Yet as … Continue reading →

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

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 →

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

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 →

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

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?

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

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?

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 →