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Product Leader, Management Liability, Australia

Welcome to the second instalment in the XL Catlin/ Wotton + Kearney white paper series on securities class actions and their impact on the Australian Directors’ & Officers’ Liability (D&O) insurance market.

The objective of this series of white papers is to assist in establishing a foundation of common knowledge for a market-wide discussion on how a sustainable future for D&O insurance in Australia can be assured.

The first white paper “How did we get here? – The history and development of securities class actions in Australia”, can be found here. This second white paper will examine the impact of securities class action claims on the Australian D&O insurance market, both in a historical context and looking forward having regard to the current “pipeline” of active claims. This impact will be considered with reference to the size (i.e. premium pool) and profitability of the D&O insurance market.

The third and final paper in this series, to be released in the near future, will canvass a range of potential strategies to restore underwriting profitability and longer term sustainability to this important class of insurance.

XL Catlin and Wotton + Kearney would welcome any constructive feedback on this white paper series and look forward to an ongoing discussion about the future of the D&O insurance market in Australia.

XL Catlin and Wotton + Kearney extend their thanks to Finity Consulting for allowing the use of some of the data from their NCPD Market Analytics report in this white paper.

Click to access the full report.

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Global Asset Protection Services, LLC, and its affiliates (鈥溇派悠礡isk Consulting鈥) provides risk assessment reports and other loss prevention services, as requested. In this respect, our property loss prevention publications, services, and surveys do not address life safety or third party liability issues. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. The provision of any service does not imply that every possible hazard has been identified at a facility or that no other hazards exist. 九色视频Risk Consulting does not assume, and shall have no liability for the control, correction, continuation or modification of any existing conditions or operations. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any document or other communication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. Save where expressly agreed in writing, 九色视频Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with our services, including indirect or consequential loss or damage, howsoever arising. Any party who chooses to rely in any way on the contents of this document does so at their own risk.

US- and Canada-Issued 尤物视频Policies

In the US, the 九色视频insurance companies are: Catlin 尤物视频Company, Inc., Greenwich 尤物视频Company, Indian Harbor 尤物视频Company, XL 尤物视频America, Inc., XL Specialty 尤物视频Company and T.H.E. 尤物视频Company. In Canada, coverages are underwritten by XL Specialty 尤物视频Company - Canadian Branch and AXA 尤物视频Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following 九色视频surplus lines insurers: XL Catlin 尤物视频Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor 尤物视频Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.