The Market: The DJIA opened at 20,943.51. Unemployment numbers came out this morning, and a record 6.6 million Americans filed this past week. How are we going to pay for the millions and millions (and millions!) of dollars of business income losses associated with this pandemic? As days turn into weeks and the spread of COVID-19 continues, businesses which have been forced to curtail their hours or shutter all together are looking for financial relief,
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CAC Specialty’s D&O Market Update: On Friday, March 27, CAC Specialty hosted the first of two D&O Market Updates with some of the most senior underwriters in the industry. We were thrilled to have the following participants on our panel: AIG: Brady Head Arch: John Rafferty AXA/XL: Jim Koval Everest: Mike Karmilowicz Sompo: Ray Santiago Here are some key takeaways from the panel’s discussion: Is it all about the price?… Before the COVID-19 pandemic hit,
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Recap of CAC Specialty’s Participation in COVID-19 Related M&A Panel: Yesterday, CAC Specialty’s David Barnes, Senior Vice President Transactional Liability, was a panelist on a special webinar titled: “Coronavirus: Impact on and Outlook for M&A”, along with: Jim Rosener, Head of International Practice Group, Pepper Hamilton Elaine Carey, Managing Director, FTI Consulting Jaco Sadie, Senior Managing Director, FTI Consulting Alex Kasdan, M&A and Restructuring, DelMorgan & Co. Here are some key takeaways from the panel’s
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Welcome to CAConnect! Our goal is to provide periodic updates on the impact COVID-19 is having on the insurance marketplace as a whole, and more specifically on the management and professional liability space. Where appropriate, we will do our best to add some levity as well. We appreciate you visiting, and we hope you continue to check back in with us. We are all in this together! The Market: The weekly unemployment numbers were released
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