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FRANCIS KEAN, EXECUTIVE DIRECTOR WILLIS LIMITED 13th SEPTEMBER 2012

QUESTIONS RELATING TO D&O INSURANCE WHICH YOU SHOULD NOT BE AFRAID TO ASK ON BEHALF OF YOUR CLIENTS. FRANCIS KEAN, EXECUTIVE DIRECTOR WILLIS LIMITED 13th SEPTEMBER 2012. WILL YOUR CLIENTS HAVE ANY PROTECTION WHEN A CLAIM IS MADE?. Non disclosure Claims made Retirement/ resignation

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FRANCIS KEAN, EXECUTIVE DIRECTOR WILLIS LIMITED 13th SEPTEMBER 2012

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  1. QUESTIONS RELATING TO D&O INSURANCE WHICH YOU SHOULD NOT BE AFRAID TO ASK ON BEHALF OF YOUR CLIENTS FRANCIS KEAN, EXECUTIVE DIRECTOR WILLIS LIMITED 13th SEPTEMBER 2012

  2. WILL YOUR CLIENTS HAVE ANY PROTECTION WHEN A CLAIM IS MADE? • Non disclosure • Claims made • Retirement/ resignation • The right limit?

  3. WHAT ARE YOUR CLIENTS INSURED FOR? • Wrongful Acts giving rise to a claim • Investigations • Formal or Official • Required attendance • Are any investigations excluded? • An alternative approach • Beware of the extras

  4. DOES YOUR CLIENTS’ D&O POLICY WALK THE WALC? • Wrongful Act • Loss • Claim

  5. SOME OTHER TRICKY COVERAGE ISSUES • Conditions precedent • Claims conduct and control • Separate legal representation • Allocation disputes • Coverage for fines and penalties • Dispute resolution mechanism • Follow on/ satellite litigation

  6. HOW DO I RECOMMEND THE BEST POLICY FOR MY CLIENT? • Who is my client? • What does he/she/it want? • Find a good broker • Consider DARCstarTM

  7. ANY MORE QUESTIONS? • Email: • keanf@willis.com • DARCstar: • https://welcome.willis.com/finexeventcalendar/Shared Documents/PDF Uploads/DARCSTAR Brochure.pdf • Willis Wire Blog: • http://blog.willis.com/author/franciskean/

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