Quarterly D&O Claims Trends Q1 2016 April 26, 2016 Todays - - PowerPoint PPT Presentation

Quarterly D&O Claims Trends Q1 2016

April 26, 2016

Jim Blinn

EVP and Global Product Manager Advisen

Today’s Moderator

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Quarterly D&O Claims Trends: Q1 2016

Many Thanks to our Sponsor!

Key Findings

6

• Securities and business litigation filings declined 14 percent compared

to the same quarter one year ago.

• The first quarter saw one of the lowest totals of new securities and

business litigation filings and enforcement actions of any quarter since before the start of the financial crisis.

• The quarter saw a mix of increases and decreases in the various case

types tracked by Advisen.

• Filing total declines were experienced by derivative shareholder actions,

capital regulatory actions, and breach of fiduciary duties: securities

• Filing total increases were experienced by foreign corrupt practices act,

security class actions, and merger objection suits

Key Findings

7

• Falling 33 percent year-over-year, derivative shareholder actions

experienced the largest decline.

• Securities class actions
• Total filings up year-over-year (50 in Q1 2015 vs. 56 in Q1 2016)
• Percentage of total up from 13 percent in Q1 2015 to 16 percent in Q1

2016

• With 56 percent of the quarter’s total filings, capital regulatory actions

by far remained the leading source of new securities suit filings in the first quarter.

• Merger objection filings were up slightly to 41 in Q1 2016 from 40 in Q1

2015.

Key Findings

• Financial services remained the top sector for new filings.
• Both the number of settlements and the average settlement value

were down compared with the same quarter a year ago.

• Of all the event types, capital regulatory actions saw the most

settlements in the first quarter, while foreign corrupt practices act (SEC) suits and derivative shareholder actions were the most significant sources of large losses.

8

Filings and Enforcement Actions

9

Suits by Type

10

Suits by Sector

11

29% 18% 15% 14% 12% 7% 5%

Financials Industrials Other Information Technology Health Care Consumer Discretionary Energy

Merger Objection Cases Annualized

12

Non-US Companies

13

Today’s Panelists

Laura Coppola

Regional Head of Management Liability Commercial, Allianz

James Ilardi

Regional Head of Financial Lines Claims North America, Allianz

Kevin LaCroix

Executive Vice President, RT ProExec

Maurice Pesso

Partner, White and Williams LLP

VW Global Investigations and Recalls

15

Energy Industry Shareholder Litigation

16

Energy Industry includes Oil, Gas & Consumable Fuels

Thank you to our panelists

Laura Coppola

Regional Head of Management Liability Commercial, Allianz

James Ilardi

Regional Head of Financial Lines Claims North America, Allianz

Kevin LaCroix

Executive Vice President, RT ProExec

Maurice Pesso

Partner, White and Williams LLP

Visit www.advisenltd.com at the end of this webinar to download:

– Copy of these slides – Recording of today’s webinar – Q1 2016 Whitepaper

Quarterly D&O Claims Trends Q1 2016

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http://www.advisenltd.com/analytics/loss- insight/stratascope/public-company-d-o/

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Save the Date!

• Quarterly D&O Claims Trends: Q2 2016

Thursday, July 28th at 11 am EDT

• Quarterly D&O Claims Trends: Q3 2016

Thursday, October 13th at 11 am EDT

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