 |
||||||
 |
||||||
|
|
Resource Center | News
Three Assurex Partners Coordinate Seamless Client Service Release Date: 5/29/2008Roach Howard Smith & Barton (Dallas, Texas) collaborated with Woodruff-Sawyer (San Francisco, California) and HSBC offices in China to secure D&O coverage for a company with $325M in turnover, which is owned and operated in China yet traded as a public company in the US. Additional Side A only coverage was placed for its US director based in Dallas. During the last three years in particular, the number of Chinese companies trading on US exchanges has increased. This provides both funds and prestige to Chinese companies in their own country. However, Chinese companies often find it difficult to locate US directors to serve on their boards. To help solve this problem, David Kohl with Roach Howard met the company’s US director in Dallas and uncovered significant unique liabilities which needed to be clearly defined before they could be fully mitigated. At this point, Woodruff Sawyer was brought into the mix for their unique expertise in coverage review and HSBC was brought in to assist on a local level. This collective mix allowed for face-to-face meetings with the company’s executive team in Changshu while maintaining local contacts in Dallas. The three Assurex Global Partners were able to work together to build trust with the Chinese executives, communicate with them in their native language, coordinate conference calls with underwriters, understand both US and Chinese exposures/coverage, and help the company more fully understand US securities exposures and the value insurance brokers bring to the transaction. < Back to News |
|||||
