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19-10-2020 Directors could face significant legal expenses and other liabilities, running into the millions of pounds, due to misunderstanding the way in which their insurance cover works, according to specialist insurance broker, McGill and Partners. Directors and officers insurance (D&O) funds defence costs and offers protection from liability for claims against company directors arising from conduct while in office. These could be civil or criminal in nature and range from allegations of negligence to breach of fiduciary, statutory or regulatory duties. A recent survey of more than 100 board members in the UK, conducted by McGill and Partners in conjunction with NedOnBoard - the professional body for non-executive directors and board members, found widespread misunderstanding around their D&O cover. ....
New D&O MGA Rising Edge makes bold move to reinvent industry models 26-02-2021 13-10-2016 Rising Edge, a London-based managing general agent (MGA) writing directors’ and officers’ (D&O) insurance, is set to launch in the first half of 2021. The start-up, led by former AXA XL executives, aims to reinvent existing industry models while bringing capacity to the London Market in an audacious move given the current market environment. The rest of this article is locked. Please login to continue reading.
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