NEW YORK--(BUSINESS WIRE)--
Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the
global insurance broker, published today its Directors and Officers
Liability (D&O) Insurance Dictionary, offering firms a
comprehensive overview of terms that are likely to be used in describing
their D&O insurance and liability exposures.
This longstanding Willis publication, updated in response to recent
significant changes to the litigation environment facing executives and
their firms, as well as related developments in D&O insurance coverage,
is an essential tool for risk management practitioners attending D&O
insurance renewal meetings or making other key decisions about financial
and executive matters.
The dictionary, available
for download here, details over one-hundred terms and provides
important context for why the term may be relevant. The updated
publication includes new terms that have entered the vernacular,
Commenting on the dictionary, Ann Longmore, Executive Vice President,
WNA FINEX, said, “In discussions regarding D&O insurance, we invariably
mingle the language of law, finance and insurance; all otherwise
separate and distinct disciplines with their own unique concepts and
terms of usage. This makes every conversation potentially full of
pitfalls for unwary individuals knowledgeable in their own areas of
expertise, but not so much when addressing insurance matters.”
“In the rapidly evolving environment of executive risk, keeping up with
the latest terms and technical components of a D&O program can be a
challenge. Our goal was not to just describe what something plainly is,
such as “Application,” but also to provide context as to why the term
may be relevant,” said Longmore.
To download a free copy of the D&O Insurance Dictionary click
here or visit: http://blog.willis.com/downloads/d-o-dictionary.
A U.K. version is also available via this link.
Willis Group Holdings plc is a leading global insurance broker. Through
its subsidiaries, Willis develops and delivers professional insurance,
reinsurance, risk management, financial and human resource consulting
and actuarial services to corporations, public entities and institutions
around the world. Willis has more than 400 offices in nearly 120
countries, with a global team of approximately 17,000 employees serving
clients in virtually every part of the world. Additional information on
Willis may be found at www.willis.com.
Willis Group Holdings plcMedia:Colleen McCarthy, +1
Poillon, +1 firstname.lastname@example.org
Source: Willis Group Holdings plc