1. Home
  2. |Insights
  3. |C5 - The European Forum on Financial Institutions Insurance

C5 - The European Forum on Financial Institutions Insurance

Event | 05.27.09 - 05.28.09, 12:00 AM UTC - 12:00 AM UTC

The potential litigation risks for European FIs are huge. In the wake of the subprime mortgage crisis, claims arising out of D&O and E&O liability are being filed daily. At the same time, employee fraud poses a major operational risk to FIs.

Financial Institutions Insurance has never been more important than it is right now.

Hear from those at the forefront of Continental European FII on:

  • E&O and professional indemnity insurance policy wordings for financial institutions: restrictions, exclusions and extensions you should include
  • The latest developments in crime/bankers blanket bond and related crime exposures
  • D&O for FIs – wordings, exposures, opportunities
  • European FI claims – the key trends, top settlements and threats to insurers
  • Legal and market perspectives on the major FII jurisdictions of Germany and France
  • The latest factors effecting funds and insurance/reinsurance captives in Luxembourg
  • Coverage specifics, legal and regulatory aspects in leading European FII markets
  • The major US developments affecting or likely to affect European insurers

The programme also includes the following valuable and practical elements:

  • An industry-led panel discussion on the current trends, exposures, claims and opportunities in the continental European market for FII
  • Risk management perspectives on FII, including Deutsche Bank
  • A case study on the implications of the Madoff fraud

Nilam Sharma will speak on the subject of "New Developments and Trends in the Terms and Conditions of European FI E&O Policies."

For more information, please visit these areas: Insurance / Reinsurance

Insights

Event | 02.20.25

Has the Buss Stopped? Recoupment Today

Has the Buss Stopped? Recoupment Today: In 1997, the California Supreme Court decided Buss v. Superior Court. In Buss, the court concluded that a liability insurer that defended a mixed action could seek reimbursement from the insured for the defense costs associated with the claims that were not even potentially covered. Since then, numerous courts have held that insurers are entitled to recoup their defense costs associated with uncovered claims or causes of action. On the other hand, a significant number of courts have rejected insurers’ right to recoupment, at least in the absence of a policy provision granting the insurer that right. Some commentators have even suggested that the current judicial trend might be away from permitting insurers to recoup their defense costs. Is that correct? Has the Buss stopped? This panel of coverage experts will analyze insurers’ claimed right to recoupment today, and offer their perspectives on what the law on recoupment should perhaps be and might be in the future.

View All Insights