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Professional Privilege – Who Does Your Lawyer Represent?
I have previously blogged on the vital but sometimes overlooked question as to legal/professional privilege and the nasty sting in the tail it can contain for directors. Simply stated, the issue is...
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Five Questions to Ask Before Joining a Board
As fellow WillisWire blogger Richard Magrann-Wells spelt out recently, it is an anxious time for boardroom directors—especially in the financial services sector. The scandal surrounding alleged...
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Farepak: A Silver Lining for the Directors but a Dark Cloud for the Banks
Remember the collapse of Farepak in October 2006 and the resulting furor when over 100,000 customers lost deposits to secure their Christmas and other food and retail vouchers? A lot of that outrage...
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Should You Welcome a £25,000 Saving on Your Next D&O Renewal?
I have just returned from a journey around the world to launch DARCstar in Hong Kong, Australia and Singapore. It has been a fascinating trip (not to say slightly surreal moving from autumn to spring...
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The UK’s New Regulatory Regime
Delegates at a recent FINEX Global Breakfast Briefing heard directly from the Financial Services Authority (FSA) about the new regulatory landscape, which will focus on stress testing and dynamic risk...
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Corporate Manslaughter, Directors Duties and the Meaning of Neglect
I posted a blog a little while back on the subject of corporate manslaughter which seemed to provoke a lot of interest not least from the Japanese broadcasters NHK who were researching a documentary on...
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You And Whose Army?
Ukrainian insurance companies, in common with other insurers in the new fledgling States of what used to be the USSR like Azerbaijan and Kazakhstan, are turning their minds to the potential market for...
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Should You Worry About a Pollution or Clean-up Costs Exclusion in Your D&O...
The usual answer to this question can all too easily fall into the “life’s too short” category. After all, how many cases have there been where directors have personally been held to account for...
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Can Ignorance be a Defence for Directors?
This Headline in the Los Angeles Times of 28th August 2013 caught my attention: Toyota executive testifies in acceleration case: “I am not very technical”. The article is about the testimony of...
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Os 12 Riscos de Natal: Como nós ajudamos o Papai Noel este ano
Todo mundo sabe que o Papai Noel é um grande humanitário e um “bom velhinho”, mas ele quer ser conhecido também por outra coisa: a transparência dos negócios. Assim, em nossa última reunião com...
View ArticleOur Scariest D&O Risk – Directors, They’re Out to Get You
With regulators, prosecutors and legislators getting more aggressive, directors of large corporations may be feeling that they really are out to get them. Perhaps as a director you already have the...
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Veja os 13 riscos mais assustadores de 2015!
Com a aproximação do Halloween, nós, do blog WillisWire, pensamos não nos piores monstros e bruxas, mas no que há de mais assustador e real nos riscos enfrentados por nossos clientes durante o ano....
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Quais são os riscos emergentes de 2016?
O mundo está avançando em um ritmo acelerado e a inovação é convidada a estar na mesma velocidade, incentivando as empresas a saltar em águas não navegadas. As novas tecnologias, sejam destrutivas ou...
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Chief Risk Officer 3.0: Darwinism at Work
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. As the...
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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...
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First Look: Inflated Risk From The New DOL Fiduciary Standard Conundrums
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...
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Guide to Directors & Officers Liability Insurance for Financial Institutions
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.
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A More Litigious China in Overseas Disputes
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...
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Survey: New Liabilities, Fresh Scrutiny by Regulators, and Cyber Threats Keep...
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,...
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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...
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