UK Shareholder Class Actions: An Emerging Threat for D&O Insurers?

UKShareholders_ForWeb_V2

In this episode of the PLUS Podcast, we dive into the complexities of defending shareholder class action claims in the UK, and their implications for corporates and D&O insurers alike. We explore the steps legal teams and directors must take when faced with a claim, from defence strategies, and key battlegrounds, to effective insured to insurer engagement. We discuss critical actions to protect both individuals and businesses and common coverage issues. With insights from experiences professionals in this area, we uncover the key lessons for navigating these high-stakes cases.

Featured on This Episode
Host
Owen Dacey
Rising Edge
UK qualified solicitor with 10 years of experience handling international management and professional liability claims across a broad range of jurisdictions. Owen has handled claims ranging in complexity and value, from handling small private company claims through to handling multi-jurisdiction regulatory investigations, and some of the largest US securities class action settlements on record.
Guest
Greig Anderson
Herbert Smith Freehills LLP
Greig is a solicitor advocate who assists clients in resolving commercial disputes by negotiation, ADR, litigation and arbitration. He specialises in insurance disputes, assisting policyholders, brokers, insurers and reinsurers on claims and coverage issues in relation to all types of insurance and reinsurance. He is highly experienced in advising clients on some of the largest and most complex insurance claims in the market, across many sectors, including financial institutions, energy, infrastructure, real estate, pharmaceuticals and hospitality. His experience extends across all types of insurance, with particular emphasis on management liability (D&O/POSI), cyber, crime/bankers blanket bond, civil liability (PI), property and business interruption, public and products liability and trade and credit risk. He also regularly advises clients on non-contentious matters such as policy drafting and review. He also advises in relation to a wide range of general commercial disputes in areas ranging from professional negligence to contractual disputes and restitutionary claims. His matters commonly have an international aspect. Greig is ranked in Legal 500 UK as a Leading Individual for Insurance Litigation for Policyholders and Insurance and Reinsurance Litigation. He is also ranked in Chambers UK where he is described as "commercially astute, fiercely intelligent practitioner who can be relied on for the most technical of matters."
Guest
Chris Bushell
Herbert Smith Freehills LLP
Chris has significant experience of acting for clients with commercial disputes across various sectors and geographies, but has a particular focus on disputes work involving banks and private capital clients. His experience includes advising on complex contractual disputes, class actions, shareholder and joint venture disputes, partnership and LLP disputes, economic torts, fraud and conspiracy, asset tracing, professional negligence, insolvency disputes, employment-related disputes and privacy and defamation issues. Chris is Immediate Past President of the London Solicitors Litigation Association (the LSLA), which has over 3500 members and helps to shape civil justice reform and promote best practice in litigation. Chris is listed as a 'Leading Partner' in Legal 500 UK 2025. He has also been described in previous editions of Legal 500 as 'an extremely impressive litigator', 'creative problem solver' and having a ‘formidable reputation’.
Guest
James Wickes
Reynolds Porter Chamberlain
James advises insurers and reinsurers on complex coverage matters or disputes, especially those involving financial institutions, management liability/D&O, professional indemnity and crime, and fidelity insurance. He is a recognised expert in advising on transactional liability / M&A insurers on W&I, tax, and contingent liability insurance claims. James has significant experience defending claims against a wide variety of financial institutions and financial services firms, including investment, asset, and fund managers, IFAs, wealth managers, currency exchanges, corporate services providers, tax advisers, collateral managers and nominated advisers.
Episode #

1

Month

November

Year

2024

Business Line

Directors and Officers (D&O)

Topic

Professional Liability (PL) Insurance

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