UNDERWRITING OVERVIEW JILL DOMINGUEZ VICE PRESIDENT UNDERWRITING
2010 PLUS International Conference D&O Goes Global: Underwriting Insolvencies & Regulatory...
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![Page 1: 2010 PLUS International Conference D&O Goes Global: Underwriting Insolvencies & Regulatory Exposures.](https://reader038.fdocuments.in/reader038/viewer/2022110208/56649db65503460f94aa7cfa/html5/thumbnails/1.jpg)
2010 PLUS International Conference
D&O Goes Global:Underwriting Insolvencies& Regulatory Exposures
![Page 2: 2010 PLUS International Conference D&O Goes Global: Underwriting Insolvencies & Regulatory Exposures.](https://reader038.fdocuments.in/reader038/viewer/2022110208/56649db65503460f94aa7cfa/html5/thumbnails/2.jpg)
2010 PLUS International Conference
The Round-Up…
MODERATOR:• Eugene “Tripp” Sheehan, Managing Director, FINPRO, Marsh
USA, Inc.
PANELISTS:• Kemsley Brennan, Solicitor, Colin Biggers & Paisley• Lisa Butera, Vice President, Commercial D&O and Crime,
Chartis Insurance• Perry S. Granof, Esq., Managing Director, Granof International
Group, LLC and Of Counsel, Williams Kastner• Keith Thomas, Chief Underwriting Officer Global Corporate
Financial Lines, Zurich
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2010 PLUS International Conference
What’s On Tap…
• Regulatory and Legal Trends
• D&O Issues Associated with Insolvencies
• Key Risk Factors in Underwriting Global D&O
• Unique D&O Contract Issues
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2010 PLUS International Conference
General Overview
• Sources of claims and nature of litigation
• Credit crisis driven trends
• Mature and emerging jurisdictions
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2010 PLUS International Conference
Regulatory and Legal Trends
• Some Notable Legislative and/or Regulatory Developments: England (Companies Act 2006 & Bribery Act 2010)
China (2006 PRC Company Law)
India (Companies Bill 2009)
Italy (Consumer Code - Article 140-bis 2010)
Brazil
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2010 PLUS International Conference
D&O Issues Associated with Insolvencies
• Director Liability Associated with InsolvenciesSome Notable Examples: Netherlands (Ceteco N.V.) France (Nasa Electronique) Canada (Oppression Remedy) Germany (Section 15A of the German
Insolvency Code) Australia (Section 588G of the Corporations Act
of 2001)
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2010 PLUS International Conference
Unique D&O Contract Issues
• Notable Coverage Issues and their Impact on D&O Insurance: Insured vs. Insured Investigation Costs Indemnification Tax Liability Licensing Issues (Admitted vs. Non-Admitted
Companies)
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2010 PLUS International Conference
Key Risk Factors in Underwriting Global D&O
Key Factors: Financial Risk Operational Risk Growth Strategies/Mergers & Acquisitions Corporate Governance Local regulations impacting D&O liability (e.g.
EPL, Worker Health & Safety, Unfair Competition, Environmental, Anti-Bribery, Criminal Matters, Securities Laws)
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2010 PLUS International Conference
Questions&
Answers
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2010 PLUS International Conference
Many Thanks To…
• Eugene “Tripp” Sheehan
• Kemsley Brennan
• Lisa Butera
• Perry S. Granof
• Keith Thomas