Chartis leads Goldman D&O cover as litigation mounts
American International Group (AIG) subsidiary Chartis International
is leading the directors' and officers' (D&O) coverage
for investment bank Goldman Sachs.
Chartis writes the "Side A" D&O cover taken out by
Goldman Sachs.
The Wall Street institution's D&O coverage is limited,
however, and is unlikely to be subject to a claim since insurers
are only obliged to pay out on "Side A" policies if a
company is close to collapse or insolvent.
Legal action, fines, penalties and punitive damages also tend...
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