management liability News

Chubb Expands Insurance Coverage in Canada for Private Equity Firms

Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These extended offerings help transfer and mitigate many of the private equity firms’ most significant liabilities by combining in one policy …

Beazley Adds Products to Broker E-Trading Platform for UK Businesses

Beazley has added two new product lines to broker e-trading platform myBeazley to meet the needs of UK-domiciled private businesses with a turnover of up to £350 million (US$457.8 million). UK brokers can now access Beazley’s comprehensive service-led cyber product, …

CorPro Underwriting Managers Expands AIG Management Liability Offering

CorPro Underwriting Managers has expanded its availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (directors and officers, employment practices, fiduciary and crime insurance coverages) offered to SME businesses on a national …

U.S. Court Affirms Dismissal of IPO Investors’ Claims Against Barclays

Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on …

Gender, Seniority Key Factors in Workplace Harassment: Hiscox Survey

More than one-third (35 percent) of employees in the U.S. feel they’ve experienced workplace harassment, and half of them believe it was due to their gender. A study released by specialty insurer Hiscox also found that 78 percent of those …

Chubb Taps Edey from Amtrust as Head of Management Liability, UK & Ireland

Chubb announced the appointment of Janet Edey as head of Management Liability for the UK and Ireland. In this role, Edey will have responsibility for leading and overseeing the development and execution of Chubb’s management liability strategy. Management liability includes …

Cybersecurity Tops D&O Liability Risks

Cybersecurity is the top directors and officers (D&O) liability concern for organizations today, while claims brought by employees, including claims for harassment or discrimination, and regulatory enforcement risks are also critical D&O exposures. According to Willis Towers Watson’s 2018 Management …

Sompo International Launches Transaction Risk Insurance in Europe

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s European specialty platform has introduced a new transaction risk insurance line of business, expanding its professional lines insurance offerings in …

Ed Taps Execs from Willis Towers Watson & BMS to Grow Professional & Executive Risk Team

Ed, the London-based reinsurance, wholesale and specialty broker, announced the expansion of its professional and executive risks offering with five appointments. The team, led by Paul Richards, managing director, comprises: James Baird, director Neal Hughes, divisional director Rupert Alabaster, divisional …

Arthur J. Gallagher Launches Crime & Management Liability Cover for UK SMEs

Arthur J. Gallagher’s specialist Management Liability Practice has responded to the heightened risk of commercial crime facing SME businesses by creating tailor-made management liability and crime insurance products. The two products are targeted at UK private limited companies. Backed by …