bump-up exclusion News

4th Circuit Finds Nothing Ambiguous About Bump-Up Exclusion

Whether you call it an acquisition or a merger, the fact that Willis Group Holdings ended up controlling Towers Watson and shareholders filed a lawsuit alleging they were shortchanged triggered a “bump-up” exclusion in a directors and officers policy, a …

Shareholder Suits Over Willis/Towers Watson Merger May Cost Insurers $80M

Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that the brokerage’s merger with Willis included a …