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.
Growth and Industry Leader, FINPRO
United States
Kerri Petri is the Growth and Industry Leader for Marsh’s Financial and Professional Practice (FINPRO). Located in Marsh’s Boston office, her field of expertise includes directors and officers liability, errors and omissions, cyber, fiduciary liability, employment practices liability, kidnap and ransom, crime, and employed lawyers.
Head of Management Liability
United Kingdom
Stephanie Manson leads the management liability team in Marsh’s FINPRO Practice in London. In this role she leads a team of over 100 management liability specialists and has a broad overview of all segments of D&O, EPL, PTL, and commercial crime insurance placed in the UK. She advises boards of directors and risk managers on D&O market issues and the ever-changing legal and regulatory developments in management liability.
D&O Product Leader
United States
As Marsh’s D&O Product Leader, Matt McLellan is responsible for developing and implementing Marsh’s strategy with respect to its D&O offerings and the creation and delivery of D&O thought leadership. As a client advisor, Matt specializes in renewal strategies and negotiations, and advises on policy language and endorsements.
Senior Advisor, Turnaround and Restructuring Group
United States
Alan Kornberg is a Senior Advisor within Marsh's Turnaround and Restructuring Group, where he works with clients contemplating in- or out-of-court restructuring processes. Before joining Marsh he led the restructuring practice at a major New York-based law firm, representing a diverse range of clients spanning numerous industries in chapter 11 cases, cross-border insolvency matters, out-of-court restructurings, bankruptcy-related acquisitions, and insolvency-sensitive transactions and investments. He draws on his decades of experience in the restructuring field to help Marsh’s clients continue to have the risk protection they need in challenging circumstances.
