Thursday October 30 th 2008 WHICH RISKS ARE DIRECTORS OFFICERS FACING IN THE CURRENT ENVIRONMENT ?
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Transcript of Thursday October 30 th 2008 WHICH RISKS ARE DIRECTORS OFFICERS FACING IN THE CURRENT ENVIRONMENT ?
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Thursday October 30th 2008
WHICH RISKS ARE DIRECTORS & OFFICERS
FACING IN THECURRENT ENVIRONMENT ?
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NATIONALISED
COLLAPSED
RESCUE PACKAGETAKEN OVERNATIONALISED
TAKEN OVER
NATIONALISED
NATIONALISED TAKEN OVER
COLLAPSED NATIONALISED
NATIONALISEDNATIONALISED
NATIONALISED
NATIONALISEDRESCUE PACKAGE
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DOW JONES INDUSTRIAL AVERAGE TRADING PERFORMANCE SEPTEMBER 2 – OCTOBER 23
7,500
8,500
9,500
10,500
11,500
12,500
9/29: Crisis goes global: Fortis
and Hypo Real Estate bailed out by governments
10/3: House passes TARP; Dow drops 486
points
9/16: AIG fails;
Government takes 80%
stake
9/22: Goldman Sachs and Morgan Stanley become commercial
banks
9/15: Lehman files for bankruptcy /
B of A purchases Merrill Lynch
10/13 Governments worldwide pledge
cash injections. Dow posts biggest gain in
history
10/15 Dow posts biggest one-day percentage drop
since 1987
10/22: Dow drops 515 points on
global economic concerns
10/8 UK government announces
£400B rescue package
FTSE rises >300 points
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-80% -70% -60% -50% -40% -30% -20% -10% 0%
Year to date Last week
US (DJIA)
Brazil (BOVESPA)
China (SHANHAI SE)
Germany (DAX)
India (SENSEX 30)
Japan (NIKKEI)
Russia (RTS)
NL (AEX)
UK (FTSE 100)
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REGULATION
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AGENDA
Assessing the D&O Risk from an Underwriters perspectiveGerard van Loon – Liberty International Underwriters (LIU) Europe
The Ahold ExperienceMichiel van den Bosch – Koninklijke Ahold N.V.
European style class actions and D&O activities in Europe Hans Londonck Sluijk – Houthoff Buruma N.V.
D&O Market Conditions and Renewal Expectations for 2009David Purdy – Willis Ltd.