“The US state of Delaware has amended its General Corporate Law to permit corporations to use insurance captives to provide coverage for D&O liability […] According to Steel City Re, companies choosing to move their D&O risk to new or existing captives will want to capitalise their insurance firms quickly. It also recommended that those same captives be used at the same time to cover ESG and reputation risk.”Reinsurance News
February 16, 2022
“Parametric ESG and reputation risk insurances are…similar to 1st party versions of D&O liability insurance and Errors and Omissions insurance.”
Click on Read More (below) for more contents (No Paywall).
Trigger and timing differences between 1st party D&O parametric and D&O liability insurance create good risk balance in a captive.
Click on the highlighted text for a broader view of reputation risk case studies and reputation premium; or to explore additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution. Learn about our services here.
WAre ESG insurance or reputation insurance part of your strategy?