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Bankruptcy Judge Rules Directors of Failed SVB Can Tap D&O Insurance

May 25 2023 // A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers liability policies to...

People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O; Ryan Joins Sompo as CUO

May 22 2023 // John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will lead the development and execution of Ascot’s large public D&O strategy, with a focus on...

D&O Prices Plummeting: Record-Level Q1 Drop for Decade

May 22 2023 // The year-over-year decline in directors and officers (D&O) insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented...

Economic and Cyber Risks Lead Global D&O Concerns: Survey

May 22 2023 // At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers...

AM Best: Current D&O Market Rates Could Prove Inadequate

May 17 2023 // Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the...

Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger

May 10 2023 // A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger between...

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