Risk in the Recession

The Recession brings new risks and increases others.  In order to assist risk managers in these testing times AIRMIC has asked its Partners and Preferred Service Providers to share their insights into Risk in the Recession.

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Directors’ & Officers’ Liability Insurance Benchmarking Report 2009

What was once perceived as largely an American problem – aggrieved shareholders and other stakeholders banding together to sue companies and their directors and officers – has now taken root in the U.K. and elsewhere in Europe. As a result, directors and officers liability insurance (D&O) has become an important part of the risk management strategy of public companies, and increasingly is purchased by private companies and charitable institutions. 

According to a recent Marsh survey, FTSE 100 companies are buying 20 percent more D&O insurance than they were 12 months ago in a bid to protect their directors from the growing threat of claims. AIRMIC, the Association of Insurance and Risk Managers, conducted a survey of its members to understand D&O purchasing patterns and to provide data against which risk managers can benchmark their D&O programme schemes.