2020 PLUS D&O Symposium

2020 PLUS D&O Symposium


 Start Date - End Date

February 25, 2020 - February 26, 2020

Registration Deadline

Friday, February 21, 2020



Join key players in the D&O insurance industry at the

2020 PLUS D&O Symposium
February 25th - 26th | Marriott Marquis | New York
Online registration is now closed. To register in person, please come to the PLUS registration desk on the 6th Floor at the Marriott Marquis. Registration hours are:

Monday, February 24th | 2:00 - 6:00 pm
Tuesday, February 25th | 7:30 am - 5:00 pm
Wednesday, February 26th | 7:30 am - 4:45 pm



Registration Information
Early Registration | Pricing available through January 28th

Late Registration | Pricing takes effect on January 29th

D&O + Cyber Registration (available to PLUS members only) | Add the Cyber Symposium to your registration for only $200 and get access to both events! Limited quantity available - register now!

Tuesday Only Registration | Includes educational sessions and meals on Tuesday only plus a ticket to the Networking Reception

Wednesday Only Registration | Includes educational sessions and meals on Wednesday only. Does not include a ticket to the Networking Reception.

Registration Cancellation Deadline | February 4th
If you're no longer able to attend the event, a cancellation will be granted with a full refund (minus a $75 administrative fee) for written requests received on or before February 4, 2020. Cancellations received after this date will not be entitled to a refund. Alternatively, your registration can be transferred to a colleague who can attend in your place at any time prior to the Conference.

Hotel Information
Marriott Marquis | 1535 Broadway, New York, NY 10036

Block Rate Deadline | EXTENDED TO FEBRUARY 7TH
PLUS has reserved a block of rooms at the Marriott Marquis. The block rate is $239 plus taxes and fees. After registering for the Symposium, you'll receive a confirmation email with details on securing a room at this rate.

If you have questions about the Symposium, please call PLUS at 800.845.0778 or email info@plusweb.org.

Attendee List
The Attendee tab to the left shows the current attendee list, updated in real time. For an Excel-formatted list (updated daily), click here. Note that we do not provide email addresses in the Excel version to protect our attendees' privacy.

PLUS Foundation Strikes for Charity
Monday, February 24th | 8:00 - 11:00 pm | Bowlmor Times Square

Join your colleagues the night before the Symposium for networking and bowling - all benefitting the PLUS Foundation! Click here for more information.


Registration Fees

Price Description Amount
Non-Member Late Registration (starting Jan 29) $1560.00
Member Late D&O + Cyber Registration LIMITED QTY! $1446.00
Member Late Registration (starting Jan 29) $1246.00
Non-Member Late Registration - Tuesday Only $1221.00
Non-Member Late Registration - Wednesday Only $1045.00
Member Late Registration - Tuesday Only $1004.00
Member Late Registration - Wednesday Only $870.00

Available Functions

Tuesday - February 25
9:00 am - 9:15 am
  Welcome & Opening Remarks
9:15 am - 10:15 am
  Private Company and Nonprofit and Exposure Trends

While an employment claim may be the most frequent claim a private or non-profit entity will experience, the past few years have shown that the D&O exposure in this arena has become much more severe than the market anticipated, with some long-term insurance markets reducing their writings in this arena once thought to be the most profitable part of the D&O insurnace world. This session will discuss the various types of exposures and walk through real life claim scenarios confronting private and nonprofit entities today.

10:45 am - 11:45 am
  The Current State of the D&O Market for IPOs

The current state of the D&O market for IPOs is extremely challenging.

This session will explore the current market, insurers’ concerns in providing capacity for IPO D&O programs, what claims look like, and suggestions and transactional terms which may help to minimize risk exposure.

11:45 am - 1:00 pm
  Shared Lunch with Cyber Symposium Attendees
  Tuesday No Lunch Discount
Joining us for the networking lunch on Tuesday? Terrific - see you there. Going out over lunch on Tuesday? Let us know by clicking above. You’ll save $25 off your registration fee and help PLUS reduce food waste.
-$25.00
1:15 pm - 2:15 pm
  Time for Another Round of Securities Litigation Reform?

The most significant severity risk that public company D&O insurance policyholders and underwriters face is the threat of class action litigation under the federal securities laws. In recent years, the pace of securities litigation in the U.S. has skyrocketed. The chance of a publicly traded company getting hit with a securities lawsuit is higher than it has ever been. This litigation rate has had a significant impact on D&O insurers’ results and, consequently, on the D&O insurance premiums that public company D&O policyholders must pay.

This session will explore where there are legislative changes that Congress can make to reform a securities litigation system, alternative reform efforts that might be able available, and their prospect for success.

2:45 pm - 3:45 pm
  Mega Derivative Settlements: Is Side A Insurance to Blame?

The severity of derivative litigation is unquestionably on the rise. Traditionally, derivative litigation was viewed as a tag along D&O exposure yet in the last ten years, there have been eight $100 million+ derivative settlements. A number of factors have been identified as contributing to this increased severity, including the rise of “event driven” securities litigation, increased interest by top plaintiffs’ firms, litigation spanning multiple jurisdictions and recent litigation successes by the plaintiffs’ bar.

This session will discuss the evolving nature of derivative litigation, explore what factors have led to the increase in severity, and the role of Side A insurance in the new derivative landscape.

4:00 pm - 5:00 pm
  Keynote Address with John Carreyrou, author of Bad Blood

Bad Blood
John Carreyrou will share the ethical lapses, the credulous media coverage, and the lax oversight that allowed Theranos to achieve a “unicorn” valuation of $9 billion; and he will share lessons companies, journalists, and business leaders can learn from its fall.

Moderated Q&A with Brenda Shelly to follow

5:15 pm - 7:15 pm
  Shared Networking Reception with Cyber Symposium Attendees
Wednesday - February 26
8:35 am - 8:45 am
  Welcome & Opening Remarks
8:45 am - 9:45 am
  Privacy | New Exposures

These sessions are not CE/CLE eligible
8:45 - 9:15 am | Privacy And Beyond: Thoughts from Andrew Smith, Director of the FTC’s Bureau of Consumer Protection

Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, will engage the group with the firsthand perspective on what type of events in 2020 will trigger the FTC’s vast efforts in oversight of corporate controls around privacy, data security and beyond. As 2019 was a notably engaged year of FTC investigation and enforcement, Director Smith will share Bureau emphasis in this time of escalating exposure.

9:15 - 9:45 am | Investors’ Perspective on the D&O Market

This interview will explore the current and potential future state of the D&O market from the external perspective of a Wall Street industry analyst. Yaron Kinar is an equity research analyst for Goldman Sachs. He joined Goldman in 2017, where he serves as the lead North America analyst of the non-life insurance industry. Yaron has over 14 years of sell-side research experience covering both the life and non-life insurance industries in various roles since 2006. Prior to joining Wall Street, Yaron spent three years in the insurance industry as an underwriter, and also served in an elite military intelligence unit.

Interviewer: Rob Yellen, Executive Vice President, Willis Towers Watson

10:00 am - 11:00 am
  Delaware Courts

While Delaware was traditionally viewed as a neutral forum for coverage litigation, in recent years there have been a number of holdings in favor of professional liability policyholders which have given the carrier-side bar serious pause when considering forum selection strategy.

This session will provide an overview of Delaware practice and the Delaware judiciary’s historical role as the forum of choice for commercial disputes. We will also explore threshold questions, specific contract interpretation questions, why Delaware trial courts appear to be increasingly perceptive to policyholder’s positions in coverage litigation, and what the appellate landscape might look like going forward.

11:15 am - 12:15 pm
  Data’s Growth in D&O

This session will walk through various case studies where the D&O industry has successfully incorporated empirical data into business operations.

12:15 pm - 2:00 pm
  Luncheon with Keynote Address from Matt Shulman, Chief Executive Officer of Arch Insurance North America
2:15 pm - 3:15 pm
  Welcome to the Future of Securities Litigation

Past Performance Does Not Guarantee Future Results, so welcome to the future of securities litigation.The high frequency rate of litigation against public companies seems to be at a new normal as both claim filing rates and the inventory of claims needing to resolve face decade high levels. The market is seeing transformative impact due to this developed loss, but the developing and threatened loss is not yet priced into today’s terms and conditions.

The session will analyze hot topics for potential claim escalation in 2020 and debate if securities class action filings today constitute a "New Normal" and what 2020 might bring.

3:30 pm - 4:30 pm
  Market Conditions

Entering 2020, there are appears to be no abatement to a record level of securities class actions, to highly monetized derivatives, and to headline crises faced by both public and privately held companies. All this is happening while professional liability practitioners are working through record leading inventory of cases to resolve.

This session will explore these issues and provide perspectives on the market. Join these executive experts as they share guidance for underwriters in decisions about transferring, retaining or mitigating risk amid market conditions unique to this decade. They will additionally provide insight on changes in the liability laws impacting results.

Speakers

NameOrganizationSpeaking At
Andrew Smith (PANELIST) FTC  Privacy | New Exposures
Anne Corona (PANELIST) Aon  Market Conditions
Anthony Tatulli (PANELIST) Berkshire Hathaway Specialty Insurance  Market Conditions
Brenda Shelly (MODERATOR) Marsh Mclennan  Keynote Address with John Carreyrou, author of Bad Blood
Brian Fish (PANELIST) AIG  Private Company and Nonprofit and Exposure Trends
Carrie O'Neil (PANELIST) CAC Specialty  Mega Derivative Settlements: Is Side A Insurance to Blame?
Danielle Lauzon (PANELIST) Goodwin  The Current State of the D&O Market for IPOs
Darren Robbins (PANELIST) Robbins Geller Rudman & Dowd LLP  Welcome to the Future of Securities Litigation
Debbie Schaffel (MODERATOR)   Private Company and Nonprofit and Exposure Trends
Edward Carleton (MODERATOR) Skarzynski Marick & Black LLP  Delaware Courts
Geoffrey Heineman (PANELIST) Ropers Majeski , P.C.  Delaware Courts
Gregory Spore (PANELIST) Lockton Companies  Data’s Growth in D&O
Heather Fox (MODERATOR) Zurich, NA  Market Conditions
Jarrod Schlesinger (PANELIST) Allianz Global Corporate & Specialty  Time for Another Round of Securities Litigation Reform?
Jason Hegland (MODERATOR) Stanford Law School  Data’s Growth in D&O
Jeremy Salzman (PANELIST) Sompo International Insurance  Data’s Growth in D&O
Jeremy Lieberman (PANELIST) Pomerantz LLP  Time for Another Round of Securities Litigation Reform?
John Carreyrou (KEYNOTE)   Keynote Address with John Carreyrou, author of Bad Blood
Jonathan Reiner (MODERATOR) RT Specialty  The Current State of the D&O Market for IPOs
Kevin LaCroix (MODERATOR) RT ProExec  Time for Another Round of Securities Litigation Reform?
Kimberly Melvin (MODERATOR) Wiley Rein LLP  Mega Derivative Settlements: Is Side A Insurance to Blame?
Koji Fukumura (PANELIST) Cooley LLP  Welcome to the Future of Securities Litigation
Laura Coppola (PANELIST) QBE North America  Market Conditions
MaryJo Barry (PANELIST) Kaufman Dolowich, LLP  Private Company and Nonprofit and Exposure Trends
Matt Shulman (KEYNOTE) Arch Insurance North America  Luncheon with Keynote Address from Matt Shulman, Chief Executive Officer of Arch Insurance North America
Melissa Phillips (PANELIST) Travelers Insurance Company  Private Company and Nonprofit and Exposure Trends
Michael Morabito (PANELIST) AXA XL  Delaware Courts
Michelle Yoshida (PANELIST) Phillips ADR Enterprises  Mega Derivative Settlements: Is Side A Insurance to Blame?
Nicki Locker (PANELIST) Wilson Sonsini  The Current State of the D&O Market for IPOs
Paul Brophy (PANELIST) Berkley Professional Liability  Market Conditions
Priya Huskins (MODERATOR) Woodruff-Sawyer & Company  Welcome to the Future of Securities Litigation
Randy Holland (PANELIST)   Delaware Courts
Rob Yellen (PANELIST) WTW  Privacy | New Exposures
Robin Cohen (PANELIST) Cohen Ziffer Frenchman & McKenna LLP  Delaware Courts
Sam Stern (PANELIST) J. Smith Lanier & Co., a Marsh & McLennan Agency  Private Company and Nonprofit and Exposure Trends
Sara Brody (PANELIST) Sidley Austin LLP  Time for Another Round of Securities Litigation Reform?
Sean Griffith (PANELIST) Fordham Law School  Time for Another Round of Securities Litigation Reform?
STEPHEN PRYMAS (PANELIST) Hiscox  Market Conditions
Steven Boughal (PANELIST) Argo Group US  Data’s Growth in D&O
Susan Muck (PANELIST) WilmerHale  Welcome to the Future of Securities Litigation
Tania Torno (PANELIST) Coaction Specialty Insurance Group  Mega Derivative Settlements: Is Side A Insurance to Blame?
Thomas Judge (PANELIST) Dykema Gossett PLLC  Mega Derivative Settlements: Is Side A Insurance to Blame?
Thomas Iorio (PANELIST) Nationwide Management Liability & Specialty  The Current State of the D&O Market for IPOs
Tony Galban (PANELIST) Chubb Financial Lines  The Current State of the D&O Market for IPOs
Yaron Kinar (PANELIST) Goldman Sachs  Privacy | New Exposures

Location Information

Marriott Marquis Hotel
1535 Broadway
New York, NY

Get directions

Materials

Download the Sponsorship Form

Download the PLUS Hardship Policy

Download the current list of CE/CLE approvals
Note: This list includes the states PLUS has applied in and the status; if a state is listed but doesn't have credit information, PLUS is awaiting approval)

Continuing Education