Aon | Financial Services Group
Distressed & Restructuring Solutions
In distressed scenarios and particularly around bankruptcy filings, D&O coverage is a paramount consideration.
Directors and officers (D&O) insurance was at the forefront of two recent high-profile bankruptcy court decisions. Those diverging decisions highlight the importance of carefully crafted language in D&O policies.
During the current heightened period of volatility, working with a D&O broker who has experience can help put the board of directors, corporate officers, and outside counsel at ease. It’s important to understand nuanced issues like creditors standing post filing, varied restructuring solutions, debtor-in-possession financing, and wind-down exposures.
Aon’s approach is distinguished by our claims advocates, global footprint, and experience in complex distressed placements. We have worked on some of the largest filings by pre-petition assets, and have teams dedicated to maintaining the highest level of industry knowledge across our platform of brokers.
The distressed & restructuring solutions provided by Aon help to navigate:
- D&O coverage
- Pre-filing tail policies
- Debtor-in-possession policies
- Wind-down coverages
- Chief Restructuring Officer and Board of Director additions
- Claims negotiations
- Post-emergence D&O coverage
Insurance products and services offered by Aon Risk Insurance Services West, Inc., Aon Risk Services Central, Inc., Aon Risk Services Northeast, Inc., Aon Risk Services Southwest, Inc., and Aon Risk Services, Inc. of Florida and their licensed affiliates.
The information contained in this document is intended to assist readers and is for general guidance only.