1-Hour Program

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Overview

Over the last year, the formation of SPACs has enjoyed stunning growth.  While the powers and flexibility of SPACs are exciting and game-changing for investors and private companies interested in going public, they also present dangers and risks for their sponsors and board members.   This is particularly true in light of the fact that SPACs have gone from relative obscurity into the limelight in a very short time.  Not only investors and the public at large have taken note of these investment vehicles, the SEC and plaintiff’s bar have also started to take a closer look at them and the inherent complications of successfully forming a SPAC and deploying the capital.  We can be sure as the popularity and ubiquity of the vehicles becomes commonplace, so will lawsuits and investigations involving them.  This is where insurance plays a critical role.  As the SPAC market has developed, the insurance market has also changed and adapted to provide protection for their sponsors, directors and shareholders.

In this One-Hour Briefing, Joseph Ehrlich and Jeffrey R. Lattmann from Beecher Carlson Insurance Services, LLC, Clark Dees from Teneo, Adam Rothstein from 890 Fifth Avenue Partners, Inc. and Joseph Spallone from Sompo International Insurance will explore insurance solutions for SPACs.  Topics will include:

  • Understanding the rise and growth of SPACs as a vehicle for going public (5 minutes)
  • Overview of the D&O insurance market for SPACs (5 minutes) 
  • Exploration of insurance strategies and solutions for directors & officers of SPACs (10 minutes)
  • Insurance trends for SPACs, including recent pricing and placement challenges (10 minutes)
  • Key coverage areas for D&O insurance (10 minutes)
  • Recent claims against SPACs (10 minutes)
  • The value and use of representation and warranties insurance for de-SPAC transactions (10 minutes)

 

 

 

 

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