An increased number of directors' and officers' (D&O) insurance claims is likely in light of the recent sub-prime investments crisis, it has been claimed.
Writing for Mondaq, David Abbott of legal practice Barlow Lyde & Gilbert notes that "hurt" is currently being felt in the reinsurance market.
He notes that, should a fund collapse, resultant D&O claims may not be handled in aggregate.
"An attempt to aggregate D&O losses, auditors' and other advisers' losses following a particular fund collapse may be difficult," Mr Abbott states.
His comments follow warnings that expert testimony may be harder to find in light of the sub-prime crisis.
Nik Carle, partner at the Nottingham office of legal firm Browne Jacobson, recently predicted "a renewed period of recrimination and claims-making" for the secured lending sector.
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