Directors and Officers Liability Insurance - Recent Australian reforms

Last year in this publication we speculated that the agenda for directors and officers and their insurers in 2012 was likely to be dominated by the fallout from the sovereign debt crisis in Europe and the impact that could have on the availability of capital worldwide. At the time of publication, European governments are still working hard to manage this issue and the direct impact on directors and officers (D&O) insurance and director liability and exposure in Australia, beyond a general slowdown in the economy and business confidence, has been limited. There remains healthy capacity to write D&O insurance in Australia and rates remain competitive.

From a claims perspective, the environment remains active but stable.