Insight and Intelligence on the London & International Insurance Markets

19 March 2018

Search archive

Insurers face $130mn loss on PatNat D&O cover

Ted Bunker 15 February 2018

Insurers that provided $130mn of directors' and officers' (D&O) cover to Patriot National could face total losses on the policies unless a US bankruptcy court forces mediation of covered legal claims and temporarily halts related litigation, according to recent court filings.

But even if pending claims are settled through mediation without exhausting the policies, what remains would likely become part of the pool of assets available to creditors, the filings indicate.

Carriers listed in a notice concerning mandatory mediation include...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.