CPR Forms Prestigious Directors & Officers’ Liability Insurance Group
December 18, 2012FOR IMMEDIATE RELEASE
Media Contact: Wendi Chason
Download a PDF of this Press Release here.
New York, NY, December 18, 2012 – The International Institute for Conflict Prevention and Resolution (CPR) launched a Directors and Officers’ (D&O) Liability Insurance Group to explore ways to incorporate the use of mediation, arbitration and other alternative dispute resolution (ADR) processes into the resolution of D&O matters.
CPR has long been a pioneer in seeking improvements to the resolution of insurance-related disputes going back to the provision of neutrals under the Wellington Agreement. CPR believes that the time is now ripe for exploring the integrated use of ADR in the D&O insurance area.
The Group will be chaired by Tim Burns of Perkins Coie LLP. Under his direction, the Group will identify areas of particular suitability, including customized ADR clauses, arbitration rules and mediation procedures relevant for the resolution of D&O matters.
“We are delighted to welcome this new Group,” said Kathleen A. Bryan, President and CEO of CPR. “There is a real need to explore the integrated use of ADR in the D&O insurance area and we are very excited to take on this challenge.”
CPR provides an independent platform for Corporate Counsel, lawyers and global ADR practitioners to share best practices advance their skills and expend the field of commercial dispute resolution. CPR’s Groups provide a forum for highly-successful and notable members of the corporate and legal communities to play an integral role in guiding CPR in its mission to spearhead innovation and promote excellence as the primary multinational resource for avoidance, management and resolution of commercial disputes.
This highly prestigious D&O Group includes representatives from: Swiss Reinsurance; Chartis Inc.; OppenheimerFunds, Inc.; AEGIS Insurance Services, Inc.; Fidelity Investments/FMR LLC; ACE USA; Perkins Coie LLP; Willkie Farr & Gallagher; Bailey Cavalieri LLC; Holland & Knight LLP; Brodsky ADR LLC; Covington & Burling LLP; AON Corporation; Latham & Watkins LLP; Fried, Frank, Harris, Shriver & Jacobson LLP; Orrick, Herrington & Sutcliffee; King & Spalding LLP; Jenner & Block LLP, Baker & McKenzie LLP; McCarter & English LLP; Stradley Ronon Stevens & Young LLP; Blake Cassels & Graydon LLP; Marsh USA, and Cozen O’Connor.
* * * * *About CPR
CPR is the only independent nonprofit organization whose mission is to help global business and their lawyers resolve complex commercial disputes more cost effectively and efficiently. For over 30 years, the legal community has trusted CPR to deliver superior arbitrators and mediators and innovative solutions to business conflict. CPR’s membership comprises an elite group of ADR trailblazers, including executives and legal counsel from the world’s most successful companies and global law firms, government liaisons, retired judges, highly-experienced neutrals, and leading academics. For more information on CPR, please visit www.cpradr.org.