vc_enabled:-----2014 Webinars

Global D&O Coverage for U.S. Director and Officers: What are the Options?

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Global D&O Coverage

Advisen hosted a webinar and wrote a white paper that examine the risks to directors and officers of multinational companies.

On April 23, ACE’s Robert Wolfe, Aon’s Lee Lindsay, and Advisen’s David Bradford discussed the multiple options available to manage these exposures — options that give companies the choice they need to comprehensively protect directors and officers.This free, one-hour webinar and the associated paper are both sponsored by ACE.

Panelists

The following panelists participated in the webinar:

  • Robert Wolfe, Senior Vice President, ACE Professional Risk
  • Lee Lindsay, Managing Director, Financial Services Group, Aon
  • David Bradford, President, Research & Editorial division, Advisen (moderator)

Webinar Topics

Topics discussed included:

  • Why has the management of global insurance programs become so much more “top-of-mind” in recent years?
  • Under what circumstances could a U.S. company be exposed to shareholder suits abroad?
  • What are some of the significant management liability concerns of U.S. companies with foreign subsidiaries?
  • What are the risks posed by the FCPA? How about anti-bribery laws of other countries?
  • D&O policies typically provide worldwide coverage. Is a single D&O policy an appropriate way to address the exposures of a multinational company?
  • What is the downside of not having a local policy if you have a claims in a foreign country requiring admitted insurance?
  • Even if a local policy is not required by law, why might it be a good idea to have a local policy as part of your D&O program?
  • Must a company have a subsidiary or at least management on the ground, in a country in order to be exposed to D&O claims from that country?
  • What are some of the critical issues that risk managers and their brokers should focus on when structuring a global D&O program?