In this episode of The SPAC Podcast, Machua “Motsch” Millett, Chief Innovation Officer at Lockton Companies, addresses the most common misconceptions SPAC sponsors and board members have when it comes to Directors & Officers (D&O) insurance. Machua dispels the myth that “insurance never pays,” emphasizing that properly structured policies often do. He also clarifies where risk actually lives in a SPAC’s lifecycle: it’s not during the IPO search phase, but rather during and after the d...
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In this episode of The SPAC Podcast, Machua “Motsch” Millett, Chief Innovation Officer at Lockton Companies, addresses the most common misconceptions SPAC sponsors and board members have when it comes to Directors & Officers (D&O) insurance. Machua dispels the myth that “insurance never pays,” emphasizing that properly structured policies often do. He also clarifies where risk actually lives in a SPAC’s lifecycle: it’s not during the IPO search phase, but rather during and after the d...
Why D&O Insurance Prices Have Dropped 60% Since 2021
The SPAC Podcast
2 minutes
2 weeks ago
Why D&O Insurance Prices Have Dropped 60% Since 2021
In this episode of The SPAC Podcast, Chaz breaks down why D&O insurance pricing has plummeted nearly 60% over the past nine quarters and why the market looks so different today compared to the 2021 peak. He explains how a flood of new insurance carriers entered the market post-2021, doubling the number of firms writing public D&O insurance from ~32 to ~65 by the end of 2022. With increased competition and new entrants unburdened by legacy claims reserves, carriers were able to aggress...
The SPAC Podcast
In this episode of The SPAC Podcast, Machua “Motsch” Millett, Chief Innovation Officer at Lockton Companies, addresses the most common misconceptions SPAC sponsors and board members have when it comes to Directors & Officers (D&O) insurance. Machua dispels the myth that “insurance never pays,” emphasizing that properly structured policies often do. He also clarifies where risk actually lives in a SPAC’s lifecycle: it’s not during the IPO search phase, but rather during and after the d...
