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Hong Kong Developing SPAC Framework – But Lack of D&O Insurance Could Be Issue
Mar 31 2021 // Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and targets allowing deals to start by the end of this year, according to people familiar with the matter. The...
Tech Firms Under More Scrutiny and Unhappy with Their D&O Insurance
Mar 31 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021. Insurance broker Marsh...
RICO Suit against Colorado Cannabis Firms Highlights D&O Dearth
Mar 23 2021 // A scarcity of directors and officers coverage for cannabis companies may be take an even bigger spotlight following a Colorado lawsuit in which two large cannabis operators and several executives are accused of illegally...
New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies
Mar 11 2021 // Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for U.S.-domiciled special purpose acquisition companies (SPACs). Beazley’s new D&O products for SPACs...
S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims
Mar 1 2021 // Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims resulting from a 2017 accounting crisis that took the South African retailer to...
D&O-Focused MGA, Rising Edge, to Launch in 1st Half
Feb 26 2021 // Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the first half of 2021. The new company will be led by Chief Executive Officer...
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