directors and officers (D&O) News

Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has introduced an update to its Private Company Executive Lines suite of products in Canada and named Shaun Lue as private company leader. The new modular offering includes expansive directors & officers liability, fiduciary liability …

Australia Regulator Sues FIIG Securities for Cybersecurity Failures

The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and …

Generali Posts Record Profit Ahead of Shareholder Vote on CEO Reappointment

Italy’s biggest insurer Generali reported on Thursday a record profit for 2024, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The insurer, historically a bulwark of Italy’s financial system, also said it could …

Australia’s Prudential Watchdog Targets Longest-Serving Board Directors

Australia’s prudential regulator has long-serving board directors in its sights with a proposal to limit their terms to 10 years. The Australian Prudential Regulation Authority’s suggestion was one of several in a discussion paper released Thursday aimed at bolstering governance …

Which Companies Are Pulling Back on Diversity Initiatives?

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in …

Billionaire Generali Investor Weighs Candidates to Challenge CEO Donnet

One of Generali’s biggest investors is considering challenging the reappointment of longstanding CEO Philippe Donnet in May and is weighing potential alternative candidates to lead Italy’s biggest insurer, four sources close to the matter said. Three years ago Francesco Gaetano …

Yodel Lawsuit Exposes Strains in UK’s Troubled Parcel Industry

A van delivery entrepreneur whose startup was dubbed the Uber of the moving business was accused of asset-stripping and misappropriating funds after his takeover of a major UK parcel shipment firm fell apart. Shift, which was set up in 2017, …

Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse

A former Allianz SE hedge-fund manager avoided prison and will instead spend 18 months in home confinement for fraudulently inflating the value of funds that ultimately collapsed, resulting in $3.2 billion in investor losses. Gregoire Tournant, the former chief investment …

FCA Says Ex-Barclays CEO Staley Misled it Over Epstein Contacts During Probe

Ex-Barclays CEO Jes Staley gave misleading answers to Britain’s Financial Conduct Authority about his dealings with Jeffrey Epstein when it was investigating his relationship with the disgraced financier, the FCA’s lawyers alleged on Monday. The FCA said in October 2023 …

Southern Water’s Credit Risk at Record High Amid Thames Water Woes

Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves against the possibility of default at the UK water company. The curve on the utility firm’s credit default swaps is …