Volkswagen’s D&O Liability Insurers Agree to Pay €270M of Diesel Emissions Payout June 10, 2021 By Christoph Steitz, Jan Schwartz and Thomas Escritt FRANKFURT — Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin...
Jailed Ex-Wirecard CEO Files Lawsuit Against Chubb to Get D&O Coverage May 10, 2021 By Karin Matussek Markus Braun, the former chief executive officer of scandal-ridden Wirecard AG who has been in jail for almost a year,...
Beat Capital Launches Tegron Specialty for D&O; Names Navigators’ Shore CEO May 4, 2021 LONDON – Beat Capital Partners Ltd. and industry veteran Paul Shore have opened a new underwriting vehicle Tegron Specialty that...
Greensill Creditors OK Australian Liquidation; Further Investigations Expected April 26, 2021 By Paulina Duran Creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, voted on Thursday to liquidate...
Cyber Attacks and Data Loss Are Top 2 Risks Facing Directors & Officers: WTW Survey April 23, 2021 By L.S. Howard Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices...
Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff April 23, 2021 By Janice Kew An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims March 23, 2021 By Janice Kew Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as...
New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies March 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...
S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims March 1, 2021 By Janice Kew Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims...
UK Company Directors Could Become Personally Liable for Financial Statements February 8, 2021 By Huw Jones LONDON – Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s...