In the current economic landscape, more organizations are recognizing the importance of restructuring in order to enhance their competitiveness. But any process missteps could expose senior leaders to potential litigation.
The heightened risk environment underscores the importance of a robust directors and officers liability (D&O) insurance program that provides protection for both the business and its senior officers. With greater market competition, there are opportunities for businesses to secure more preferential D&O rates and explore coverage enhancements that could provide more extensive protection.
In this episode of Risk in Context, Kerri Petri, Growth and Industry Leader for Marsh’s FINPRO Practice in the US, speaks with Stephanie Manson, the Head of Management Liability within Marsh's UK FINPRO Practice, Matt McLellan, Marsh’s D&O Product Leader in the US, and Alan Kornberg, a senior advisor within Marsh's Turnaround and Restructuring Group. They discuss current restructuring trends and actions that organizations should consider for a more effective restructuring process, including the importance of a robust insurance program. They also share their expectations for the D&O market in 2024 and talk about the changing regulatory environment.