The metrics speak softly–all three reputation arbitrage-based indices are outperforming the S&P500 this calendar year. Lifetime out-performance spreads range between 366% and 859%. RepuSPX, a reputation arbitrage strategy limited to constituents of the S&P500, is at all all time high lifetime spread of 447%.
Podcast #12. Board Inquiry: D&O Reputation Insurance Assessment: A CLO, Corporate Secretary, and Enterprise Risk Manager Walk into a bar. In this episode, a newly appointed CLO — tasked by the board and CEO with assessing D&O reputation insurance — works through the question with the firm’s corporate secretary and enterprise risk manager.
From the Society for Corporate Governance Society Alert: In this article, “Has D&O Liability’s Dangerous Twin Arrived?,” a specialty insurer posits that increasing public scrutiny of directors and officers is creating reputational risks that may not be addressed by traditional D&O liability coverage.
Reputation Arbitrage: Premium as of 26 June 2026 The numbers flatter the thesis. Trailing twelve-month spreads over the S&P 500 for the three indices in the RepuStars Variety Corporate Reputation Composite Equity Index family now run from 11.92% to 22.26%. Between the two price-only reputation indices, REPUVAR and REPUSPX, the gap is 7.53 percentage points—to …
Reputation risk is manageable rather than merely meteorological. A board that has neither governed its reputation risk nor transferred it has a plausible negligence story forming against it—in the court of public opinion first, and potentially thereafter in courts of a more formal variety.
Has D&O Liability’s Dangerous Twin Arrived? D&O liability insurance—the governance safety net predecessors fought to establish forty years ago—does not respond to D&O professional disability. D&O reputation insurance does.
If reputation risk is real, directors and officers stand to be professionally disabled by a crisis exploited by investor, social or political activists.
Captive programs can extend to cover corporate and D&O reputation risk — a strategic governance safeguard.
Podcast #11: Boards Reject Personal Reputation Harm as the Price of Board Service: D&O Reputation Insurance Enhances Governance: In this episode, after an outspoken director on the board of Netflix finds herself in political crosshairs, directors demand protection from the personal cost of chaos-driven events.
The reputation premium-seeking RepuSPX, a reputation arbitrage portfolio, is out-performing the S&P500 Index by 435.73%