Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Guy Williams as Head of Directors & Officers and Financial Institutions (D&O/FI). He is an experienced insurance lawyer by background, specializing in financial professional risks. …
New York-based Freedom Specialty Insurance Co. appointed John Merchant as director of network security, data privacy and technology risk. In his role, Merchant will manage the development, underwriting and risk management of cyber liability products. He reports to Teresa Black, …
UK-based broker Miller Insurance Services announced that Martin Giggins has joined the firm’s Hong Kong office to spearhead the development of its financial services business in the Asia region. Giggins specializes in the production and placement of financial risks including …
The chief executive of the foundation that supports the hunger-relief organization Heifer International has sued four foundation board members, alleging that he was suspended in retaliation for raising questions about internal policies. Domingo Barrios, CEO of Heifer International Foundation, alleges …
With executives from News Corp. and some of its subsidiaries heading for the exits, legal bills from the phone-hacking scandal rocking the company are no doubt stacking up. But depending on the companies’ directors and officers insurance coverage, News Corp. …
Lloyd’s insurer Marketform announced that Directors’ and Officers’ liability underwriter Alexis Bowden has joined the company. She spent 11 years underwriting D&O at ACE European Group prior to joining Marketform. Simon Lotter, Chief Underwriting Officer at Marketform commented: “This hire …
Willis has responded to the “increasingly challenging” regulatory environment in the UK by introducing an enhanced professional liability product with the acronym DARCSTAR, which stands for Directors’ All Risk Cover. Coverage is obtained through FINEX Global, a part of Willis …
Critics are warning that Bank of America Corp.’s $1.6 billion settlement over dodgy home loans could serve as a starting point in a fight that ends up costing the bank tens of billions more. The settlement with Assured Guaranty Ltd …
Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire Hathaway and billionaire investor, issued his annual letter to …
Directors and officers (D&O) liability insurance is gaining traction as more companies are increasing their D&O liability limits and a growing number with international operations are also purchasing D&O policies in foreign jurisdictions. The buyers are being driven by the …
