As risks emerge and evolve, the recent COVID-19 pandemic continues to challenge organizations — and their directors and officers. Tasked with making difficult decisions to protect and promote their companies’ viability, directors and officers are increasingly exposed to litigation and financial loss during this time of transition, which for many is also a time of distress. While the ongoing pandemic is currently a top priority and concern for organizations and insurers, its full impact on D&O pricing remains to be seen.
Join us for an intimate discussion with Kevin LaCroix, the renowned author of ‘The D&O Diary’ blog, to discuss the impact of the pandemic and the global economic downturn on underwriting and claims. He will be joined by Roy Sharma (Chairman, LIIA). The panel will also share insights on the following areas:
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State of Play in the U.S. D&O Insurance Marketplace Before the Pandemic
- Post-Pandemic D&O Insurance Marketplace
- Pandemic Claims and Regulatory Enforcement Actions
- Impact of Economic Disruption
- The Road Ahead in a Post- Pandemic World
- Other Key U.S. D&O Claims Trends
Speaker Profile: Kevin LaCroix
Kevin M. LaCroix is an attorney and Executive Vice President, RT ProExec, a division of R-T Specialty, LLC. RT ProExec is an insurance intermediary focused exclusively on management liability issues.
Kevin has been involved in directors’ and officers’ liability insurance for over 35 years. He began his career as a coverage attorney and partner at the Washington, D.C. law firm of Ross, Dixon and Bell. More recently, Kevin served as President of Genesis Professional Liability Managers, a D&O underwriter and part of the Berkshire Hathaway group of companies.
Throughout his career, Kevin has been active in the Professional Liability Underwriting Society (PLUS), serving on its Board of Trustees from 1999 to 2005, and as its President in 2004. Kevin also served as Co-Chair of the PLUS D&O Liability Symposium from 2007 through 2009. In 2008, Kevin received PLUS’s “Founders Award,” which is awarded annually to PLUS member who has “made lasting and outstanding contributions to the Society.”
Kevin speaks frequently on D&O issues, and in the recent past has served as a faculty member at the Stanford Law School Directors’ College. He has spoken at conferences sponsored by PLUS, the American Conference Institute, Fordham Law School, the University of Connecticut Law School, Loyola University Chicago Law School, the University of Pennsylvania Law School, the American Bar Association, China Council for the Promotion of International Trade (CCPIT) [Beijing], Federação Nacional de Seguros Gerais (FenSeg) [Brazil], Bima Gyan [India], C5, J.P. Morgan, and the Reinsurance Association of America. Kevin’s comments on D&O liability and insurance issues have appeared in a wide variety of publications, including the New York Times, the Wall Street Journal, the Financial Times, the Washington Post, the San Francisco Chronicle, Bloomberg, the Los Angeles Times, Dow Jones Newswire, Business Week, International Herald Tribune, Compliance Week, and Business Insurance.
In December 2014, Kevin was named as insurance information firm Advisen’s inaugural Management Liability Person of the Year for the USA. In December 2015, in a vote of industry professionals, Kevin was named as Advisen’s Industry Legend of the Year.
Kevin is also the author of the Internet weblog, The D&O Diary, which the New York Times called “influential” and the Wall Street Journal described as “widely followed.”
Kevin is a graduate of the University of Virginia and of the University of Michigan Law School.
Speaker Profile: Roy Sharma, LLB (Hons)(London), CLP
G Roy S Sharma is the Principal Officer and Managing Director of an international reinsurance company based in Kuala Lumpur. Other than as country manager for Malaysia, he is also responsible for developing and assisting their clients in Asia in certain specialized areas of insurance. His specialized areas include, among others, Political, Project & Credit Risk Insurance, Professional Indemnity, Management Liability Insurance, Financial Lines Insurance, Casualty Insurance, Extended Warranty Insurance and Affinity & Niche Solutions.
He read law in the City of London and was called to the Malaysian Bar as an Advocate & Solicitor. He started his career in the insurance industry in 1994 as an Insurance Broker and joined Antah Sedgwick Chartered Insurance Brokers. Thereafter, he joined Aon Risk Services Malaysia and Aon Risk Services Singapore. In 2006, Roy then joined Arthur J Gallagher Asia (L) Bhd a reinsurance broker that was rebranded as Asia Reinsurance Brokers (Labuan) Ltd in 2008 after a management buyout; where he was the MD since 2007.
Roy is a sought after speaker in his area of specialization. He has presented various papers in many conferences and conducted many training seminars for insurance companies and insurance buyers around the region.
Roy is also the President Commissioner of PT ARB Indonesia and a Board member of ARB’s parent company. Roy is the current Chairman of the Labuan International Insurance Association.
Date and Time
Date: 24 July 2020
Time: 9.00 a.m. - 10.00 a.m.
Fee
MII Member: Complimentary
Non-Member: RM 50
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