Directors’ and Officers’ Insurance: An International Perspective

American Management Association (AMA) Conference Center
Located in the same building as the Crowne Plaza Hotel
1601 Broadway at 48th Street
7th Floor
New York, NY

The Global Insurance Department presents a two hour program of in-depth presentations on international directors’ and officers’ insurance. The presentations will focus on trends and developments in various jurisdictions around the world. Our panel of speakers are drawn from leading insurers and reinsurers of D&O risks.

Topics:

Continental Europe – from the perspective of the reinsurer, we will review developments in several countries, focusing on the increasing regulatory oversight and ensuing litigation involving directors and officers.

United Kingdom – as a truly international hub for insurance and reinsurance, underwriters in London are presented with risks from around the world giving them a unique insight into both underwriting and claims trends.

Latin America – with the increasing importance of South America in global trade, more attention is being given to the regulatory and liability regimes in the region and the impact they have on executives of publicly traded companies.

Canada – after the introduction of secondary market civil liability legislation in Canada almost a decade ago, this jurisdiction has quickly become one of the most active global markets for securities class actions. We will review recent business and legal trends impacting the market for D&O liability insurance in Canada.

Australia and New Zealand – class actions against financial institutions and their directors and officers are now common place. Filings in the last year have included Citibank and Westpac Banking Corp. We will review developments in those actions and whether they signify a sea change against executives of the large corporations in these jurisdictions.

Panel:

• Moderator: Angelo Savino, member and chair of the Professional Liability Coverage Practice Group, Cozen O’Connor New York
• Elisabeth Spann, head of Financial Lines Facultative, Global Clients /North America, Munich Re
• Catherina MacCabe, chief underwriting officer Management Liability, International Financial Lines Insurance, XL Insurance
• Javier Mercado, manager Financial Lines, Latin America and Caribbean, AIG
• Cameron Rose, senior VP and Canadian Zone Underwriting officer, Chubb Specialty Insurance
• Mark Meyer, member, Cozen O’Connor London