About
Unstable market conditions coupled with a sharp spike in FI litigation and the resulting
insurance claims are making the FI insurance market a more challenging place than ever before….
Get the practical information you need to stay ahead of the curve in 2009 – and beyond
In the wake of the credit crisis, financial institutions are being hit hard, with increased exposures and an onslaught of litigation among shareholders, lenders, accountants and underwriters. And, at a time when FI coverage is particularly critical for financial
institutions, insurers are facing growing exposures and increasing numbers of claims. D&O and E&O claims in particular are increasing sharply. Employee fraud, particularly unauthorized trading, presents tremendous operational and litigation risk.
And, a wave of FI insolvencies are complicating how both the insurance claims and litigation are handled.
To ensure you stay ahead of the curve, ACI developed this conference after extensive research with the FI insurance market.
Our faculty of industry leaders will give you the tools you need to evaluate the competition and the current climate so you can
accurately assess, price and mitigate risk – while minimizing your claims exposures and costs – all essential for maximizing your
profitability while minimizing potential liabilities in this volatile climate.
Attend and gain valuable insights into:
- Limits, pricing and capacity: what are the current trends given the state of the market?
- Hedge funds, private equity firms, large FI’s: tailoring offerings to accommodate differences in how they operate and where their major risks are
- Evaluating current D&O exposures arising out of subprime mortgages: biggest risks, settlements and judgments and the impact going forward on insurance
- Follow-on litigation as a result of FDIC takeovers: key allegations and defenses
- Aligning Side A coverage with new realities: how has the recent market turmoil affected the numberand scope of A-side claims?
- Addressing claims against FIs as investment advisors, alleging mismanagement of customer accounts, misleading sales practices and mis-selling investments
- Fiduciary claims arising out of terminations: prevalence and validity
- Preventing circumstances where Bankruptcy Code provisions can trump the express language of a D&O policy
About
Unstable market conditions coupled with a sharp spike in FI litigation and the resulting
insurance claims are making the FI insurance market a more challenging place than ever before….
Get the practical information you need to stay ahead of the curve in 2009 – and beyond
In the wake of the credit crisis, financial institutions are being hit hard, with increased exposures and an onslaught of litigation among shareholders, lenders, accountants and underwriters. And, at a time when FI coverage is particularly critical for financial
institutions, insurers are facing growing exposures and increasing numbers of claims. D&O and E&O claims in particular are increasing sharply. Employee fraud, particularly unauthorized trading, presents tremendous operational and litigation risk.
And, a wave of FI insolvencies are complicating how both the insurance claims and litigation are handled.
To ensure you stay ahead of the curve, ACI developed this conference after extensive research with the FI insurance market.
Our faculty of industry leaders will give you the tools you need to evaluate the competition and the current climate so you can
accurately assess, price and mitigate risk – while minimizing your claims exposures and costs – all essential for maximizing your
profitability while minimizing potential liabilities in this volatile climate.
Attend and gain valuable insights into:
- Limits, pricing and capacity: what are the current trends given the state of the market?
- Hedge funds, private equity firms, large FI’s: tailoring offerings to accommodate differences in how they operate and where their major risks are
- Evaluating current D&O exposures arising out of subprime mortgages: biggest risks, settlements and judgments and the impact going forward on insurance
- Follow-on litigation as a result of FDIC takeovers: key allegations and defenses
- Aligning Side A coverage with new realities: how has the recent market turmoil affected the numberand scope of A-side claims?
- Addressing claims against FIs as investment advisors, alleging mismanagement of customer accounts, misleading sales practices and mis-selling investments
- Fiduciary claims arising out of terminations: prevalence and validity
- Preventing circumstances where Bankruptcy Code provisions can trump the express language of a D&O policy
Contents & Contributors
State of the FI Insurance Market: New Risks, New Coverages and Developing Exposures
Brian Wanat, Senior Manager, Aon Financial Services Group (New York, NY)
How the Changing Focus of Securities Litigation Against Financial Institutions Impacts D&O: Defensive and Proactive Strategies for Minimizing Losses
Christopher P. (Kip) Hall, Partner, DLA Piper LLP (New York, NY)
Mary Craig Calkins, Partner, Howrey, LLP (Los Angeles, CA)
Failing Financial Institutions: Impact of Insolvency on Coverage, Claims and Costs
Steven Gladstone, Senior Vice President, XL Capital Insurance Professional (Hartford, CT)
Nancy D. Adams, Mintz Levin Cohn Ferris Glovsky and Popeo PC (Boston, MA)
Insolvent Insurers and Impact on FI Coverage and Reinsurance
William Redington, Chief Underwriting Officer, American Reinsurance Company (Princeton, NJ)
Philip A. O’Connell, Jr., Sonnenschein Nath & Rosenthal LLP (Boston, MA)
Enforcement Q&A: Potential Liabilities Arising From Emerging Government Investigations in Financial Services
Alexander M. Vasilescu, Regional Trial Counsel/Trial Unit Chief, Securities and Exchange Commission (New York, NY)
Joseph T. Lynyak, Venable LLP (Los Angeles, CA)
FI Bond and Related Crime Exposures: Lessons Learned From Emerging Exposures
Stephen Leggett, Senior Vice President, Willis HRH (New York, NY)
Eric Terezakis, National Fidelity Manager, Hartford Insurance Company (New York, NY)
Cyber Risk Coverage for Financial Institutions: An Assessment of Current Products, Risk, Coverages and Claims
Toby Merrill,Vice President, Professional Risk, ACE USA (Philadelphia, PA)
Michael Lamprecht, Vice President, Aon Financial Services Group (Chicago, IL)
Publication Details