In an effort to make the directors and officers liability claims process more efficient and collaborative, Marsh has announced the launch of a new Marsh D&O Panel, which will give clients facing securities litigation access to defense counsel on a pre-approved basis.
The Panel consists of 32 top securities law firms and four of the industry’s leading D&O underwriters and can be endorsed onto clients’ D&O policies, according to a company statement.
“With Marsh’s D&O Panel, clients can now have easy access to top legal firms on an optional pre-approved basis, eliminating any debate in defense counsel selection and any delay in the approval of such selection. At the same time, this more collaborative approach between all parties should result in a better claims experience for clients,” says Devin Beresheim, a managing director within Marsh’s FINPRO Practice.
Panel firms have agreed to assist Marsh and the D&O underwriters involved in the initiative in providing policyholder clients with ongoing education and training on a variety of legal, business, risk and insurance topics.
Source: Marsh