Another great RIMS roundtable session was held last Monday, hosted by Jardine Lloyd Thompson on the market conditions and challenges for buyers of Directors and Officers insurance cover in Australia.
Andre Louw, Chairman of JLT Australia, expertly presented on typical market structures, the challenges for Side C cover given past and current Class Actions and commentary on the likely effect of the Banking Royal Commission.
Andre also spoke to the issue of the withdrawal or merger of several insurance carriers in Australia and the option of London as a strong stable market. A well-received presentation with a lively question and answer session which went to the challenges of differentiation of insureds in the market and corporate culture challenges of large and small firms alike. RIMS Australasia thank JLT and Andre Louw for a valuable lunchtime!