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Directors & Officers' Liability Protection - Current Trends In Africa

Directors & Officers' Liability Protection - Current Trends In Africa

Released Tuesday, 10th January 2017
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Directors & Officers' Liability Protection - Current Trends In Africa

Directors & Officers' Liability Protection - Current Trends In Africa

Directors & Officers' Liability Protection - Current Trends In Africa

Directors & Officers' Liability Protection - Current Trends In Africa

Tuesday, 10th January 2017
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imageAfrica Business Radio — Current Trends in Africa- Liability of directors’ and officers’ (D&O) increasing, as shareholder and regulatory activism rises globally - Growing trend to seek personal legal action against executives. Non-compliance with laws and regulations now top cause of D&O loss.- Average claim for breach of trust and care is $1m+, AGCS analysis shows- Rise in D&O insurance claims in Africa as result of corporate legislations and codes- Emerging perils include cyber and data privacy as well as reputational risks such as climate change impact. M&A activity remains key driver of D&O claims
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