The courts were not kind to the SPAC world in 2023. 2024 is telling a different story thought. SPAC Securities suits are down 75% 1H 2024 (5 total) compared to 1H 2023 (20 total). As SPACs continue to search for breathing room on capital expenditures it seems D&O insurance has potential to give further relief. In fact, as of recent our team has been able to negotiate terms on 24 month policies to well under $200,000 USD for $5,000,000 of Side A Only coverage.
Our team is seeing much success for clients who come to us with large tail policy costs at combination. We are successfully taking clients who’s SPAC D&O was written with another agency and securing much better terms even when contrasted the rate reduction that the agent is coming back to the client with. Trust our team to approach the market with current data to ensure you secure the best rates!
For SPAC D&O Insurance and more…Churchwell Insurance Agency’s Executive Liability Team protects what your executive team builds. #despac #veteranowned #spacattorney #nyse #nasdaq #securities #spac #cfo #ceo #boardofdirectors #insurance #exectiveliability #DandOInsurance #microcaps #securitieslitigation #protectingwhatyourbuilding #ChurchwellInsuranceAgency
