This week, the 13th Annual Directors and Officers (D&O) Liability Insurance ExecuSummit took place in Uncasville, CT, and OneBeacon was there! ExecuSummit participants are in the forefront of the D&O Insurance industry, monitoring and researching emerging issues and trends, and bringing this strategic intelligence to attendees as it is developing.
This year, Financial Institutions’ Christopher Luca co-chaired the event. Additionally, he and Financial Institutions’ Claims Robert Usinger participated on a panel titled, “Activist Investments and Claims in the Hedge Fund Space.” This panel discussed recent trends and exposures that are unique to the hedge fund space, as well as potential emerging issues.
Also part of a panel discussion this year was Enterprise Underwriting’s Ryan Sardelli. “The State of the D&O Marketplace” encompassed carrier competition, business segments like public, private and non-profit, specific classes of business, international exposures and trends.
Atlanta partners! We are hosting a OneBeacon Product Fair on May 9, at Maggiano’s Little Italy Restaurant at the Perimeter Mall.
Join us for appetizers, drinks and networking to learn more about our products and services and to meet OneBeacon underwriting teams from:
- International Marine Underwriters
- Financial Services
- Government Risks
- Management Liability
- Specialty Property
We look forward to seeing you there. Register today!
Due to a winter storm expected to hit the Northeast on Thursday, several OneBeacon offices will be closed on February 9 including:
- Connecticut- Farmington
- Massachusetts- Boston, Canton and Quincy
- New Jersey- Holmdel and Morristown
- New York- New York City
- Pennsylvania- Blue Bell
Those employees able to work from home should be reachable by phone and email. All offices are anticipated to be open for business as usual on Friday, February 10.
Finding your way in a new work environment can be both challenging and exciting. According to Ryan Sardelli, OneBeacon employees can easily navigate our company due to its size and structure. Ryan, who joined our Management Liability group as Vice President earlier this year, shares what makes a career at our company special in our latest Why OneBeacon clip.
This year, the PLUS Conference is back in Chicago, taking place from November 9-11.
Later today, Stacy Paquet, President, OneBeacon Management Liability, will participate in a panel discussion titled, “Are Management Liability Exposures for Law Firms Changing?” The group will discuss the exposures that exist for firm management, including executive committees and general counsels, and how they impact management liability programs.
The PLUS Conference is considered a destination event for professional liability insurance professionals to learn and network.
The False Claim Act (FCA) is the primary means to fight fraud perpetrated against the government. The FCA imposes civil and criminal liability for knowingly making a false or fraudulent claim to the United States for money or property; or to avoid an obligation to pay money (reverse false claim). 31 U.S.C. §§ 3279-3733.
FCA claims have been on the rise as the government, in collaboration with other governmental agencies, continues to crack down on fraud, waste and abuse in order to protect valuable taxpayers’ dollars. Thus, the key is to be proactive in managing the risk before an FCA claim is made against you.
Continue reading this OneBeacon Management Liability article featured on PropertyCasualty360.com and authored by Claims’ Katherine Tower.
The 12th Annual Directors and Officers Liability Insurance ExecuSummit is taking place this week in Uncasville, CT, and OneBeacon experts are there.
This ExecuSummit is an educational event specifically designed for directors and officers liability insurance professionals. It offers those who are on the forefront of the D&O insurance industry insights to essential intelligence surrounding the intricacies of this product. Attendees will obtain a unique perspective and the ability to see patters and trends emerge.
OneBeacon Financial Institutions’ Chris Luca is a co-chair of the event, and will participate on a panel titled, “Developments in Private Investment Fund Coverage and Litigation.” OneBeacon Management Liability’s Stacy Paquet is part of a session titled, “Private Company D&O/EPL/Fiduciary Underwriting Issues and Claims.”
We are very pleased to announce that John Iannotti has joined OneBeacon as President of Professional Liability reporting to Dennis Crosby. In this new role, he will oversee OneBeacon Design Professionals, OneBeacon Financial Services and OneBeacon Management Liability, with Bruce Demeter, Craig Collins and Stacy Paquet, who lead those businesses, as direct reports.
John brings nearly 25 years of specialty insurance experience, including 20 years focused on management and professional liability business. Most recently he served as Senior Vice President at Everest National, where he oversaw professional liability since 2009. Previously he spent 15 years in roles of increasing responsibility at American International Group and he began his career in private legal practice.
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