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Financial Crisis: Underwriting Bankruptcy and Insolvent Corporations

Financial Crisis: Underwriting Bankruptcy and Insolvent Corporations. Financial Crisis: Underwriting Bankruptcy and Insolvent Corporations. MODERATOR : Stephen Whelan, Vice President, Commercial & Financial Risks, The Hartford/Hartford Financial Products PANELISTS:

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Financial Crisis: Underwriting Bankruptcy and Insolvent Corporations

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  1. Financial Crisis: Underwriting Bankruptcy and Insolvent Corporations New York City ~ February 3 & 4, 2010

  2. Financial Crisis: Underwriting Bankruptcy and Insolvent Corporations MODERATOR: Stephen Whelan, Vice President, Commercial & Financial Risks, The Hartford/Hartford Financial Products PANELISTS: Marcia Goldstein, Esq., Business Finance & Restructuring Partner, Weil, Gotshal & Manges Kathryn Walker, 2nd Vice President, Bond & Financial Claims, Travelers Carol Zacharias, Senior Vice President, ACE USA Frederick M. Zauderer, Esq., Senior Vice President, AXIS Insurance

  3. 2010 D&O Symposium Key Participants in Bankruptcy • Debtor / Debtor in possession • Trustee • Creditors Committee • Directors & Officers • Shareholders

  4. 2010 D&O Symposium Bankruptcy Process • Filing • Rights of Debtor • Claims & priorities • Liquidation vs. Reorganization

  5. 2010 D&O Symposium The Insolvency Process for Banks • FDIC as regulator , conservator and receiver • Rights of Creditors • Claims against D&O’s • Coverage issues

  6. 2010 D&O Symposium Policy Rights in Bankruptcy • Is policy an asset of the Estate? • How are claims brought? • Side A DIC in Bankruptcy

  7. 2010 D&O Symposium D&O policy in Bankrupcty • Waiver of Stay • Order of Payments • Entity Coverage • Insured vs. Insured • Asset of the Estate • Indemnification

  8. 2010 D&O Symposium Underwriting to Bankruptcy • Steps to protect D & O’s in Bankruptcy • Application of Retention • Should Trustee / Creditors Committee be covered?

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