Professional and financial lines

Against a legislative backdrop of increasing shareholder activism, strict compliance requirements for corporate governance, and ever more aggressive regulators, the legal and personal liability of company directors and officers is at an all-time high.

Finance professionals – bankers, fund managers, corporate advisers, stockbrokers – are uniquely exposed to litigation risk from regulators, clients and competitors.

An ever-increasing reliance on information technology (IT) in business continues to drive growth in the IT industry, but there is a sting in the tail: IT providers are increasingly vulnerable to litigation for, amongst other things, alleged failure to deliver or failure to perform to specification.

In an increasingly litigious business environment, professionals in a range of knowledge-based industries are exposed to risks including claims for alleged negligence, breach of duty, misleading or deceptive conduct in their professional capacity.