China IPOs to cost D&O market $250mn+
Underwriters of directors' and officers' (D&O) policies covering the IPOs or reverse takeovers (RTOs) of Chinese companies listing in the US could face claims of more than $250mn, The Insurance Insider understands.
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US giants Chartis and Chubb are leading the pack for
potential exposures, and could be in line for claims of up to
$100mn each based on current class action notifications, according
to broking sources (see table).
XL is also on the hook for exposures to...
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