Directors & Officers

Directors & Officers

Against a legislative backdrop of increasing shareholder activism, strict compliance requirements for corporate governance, and ever more aggressive regulators, the legal and personal liability of company directors and officers is at an all-time high.

Businesses operating in foreign jurisdictions are required to comply with the legal framework relevant to their overseas operations. Such compliance includes listing and filing requirements, rigorous market disclosure and careful management of their professional relationships with employees, creditors, customers and suppliers.

Directors and officers are personally exposed to unlimited financial liability, and the company and board of directors share the responsibility for ensuring they have the highest possible level of protection.

In response to these evolving challenges, Liberty’s Directors & Officers (D&O) policy wording provides market leading D&O protection. Our wording, combined with our ability to offer limits up to US$25 million, makes Liberty an attractive lead insurer for private, publicly listed and government-owned entities.

At a glance:

  • Limits up to US$25 million
  • Access to professional advice and legal representation (for an internal inquiry, self-report to a regulatory body and any industry-wide inquiry) 
  • Additional Side A limit available to all directors
  • Change in control - lifetime cover for former insured persons who retired or resigned during the policy period
  • Recoveries which are in excess of payments to the insured are reinstated to the limit of liability
  • Fraud and dishonesty exclusion triggered only by a final, non-appealable legal ruling; no longer triggered by admission of fraud
  • Provides full defence costs cover for all claims in the USA and claims alleging employment practice breaches in the USA; Former Insured vs Insured exclusion now applies only to claims brought by the company in the USA
  • No pollution or professional services exclusion
  • No late notification penalty if insured is legally prohibited from notifying a claim, inquiry, raid or self-report
  • Also covers asset and liberty expenses, bail bond and civil bond expenses, extradition costs, personal taxation liability, public relations and reputation protection expenses
     

Our Approach

Find an Underwriter
Ann Dang - Senior Vice President, Head of Casualty and Professional & Financial Risks - Asia

Ann Dang

Senior Vice President, Head of Casualty and Professional & Financial Risks - Asia
T: +65 6622 9187

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Louise Tong - Senior Underwriter, Professional & Financial Risks

Louise Tong

Senior Underwriter, Professional & Financial Risks
T: +65 6622 9186

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Marie Yang - Business General Manager, Professional & Financial Risks & Casualty, Asia

Marie Yang

Business General Manager, Professional & Financial Risks & Casualty, Asia
T: +65 6622 9245

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Shi Min Tan - FI & D&O Portfolio Manager, Professional & Financial Risks Asia

Shi Min Tan

FI & D&O Portfolio Manager, Professional & Financial Risks Asia
T: +65 6622 9185

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Find a specialist

Find a Claims specialist
Alison Kerr - Assistant Vice President & Claims Manager, Professional & Financial Risks

Alison Kerr

Assistant Vice President & Claims Manager, Professional & Financial Risks
T: +61 2 8298 5956

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Erliza Erwin - Senior PST Specialist, Claims

Erliza Erwin

Senior PST Specialist, Claims
T: +60 3 2082 4057

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James Thomas - Assistant Vice President & Technical Claims Manager, Professional & Financial Risks, Asia Pacific

James Thomas

Assistant Vice President & Technical Claims Manager, Professional & Financial Risks, Asia Pacific
T: +61 2 8298 5937

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Robert Mercer - Senior Vice President & Head of Claims, Asia Pacific

Robert Mercer

Senior Vice President & Head of Claims, Asia Pacific
T: +61 2 8047 3317

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Shurekha Fernandez - PST Specialist, Claims

Shurekha Fernandez

PST Specialist, Claims
T: +60 3 2082 4004

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