The explosive growth in special purpose acquisition companies, or SPACs, presents opportunities for the directors and officers liability insurance market, but insurers are approaching the issue cautiously.
SPAC spree presents opportunities for insurance industry
Special purpose acquisition companies (SPACs), otherwise known as blank-check firms, have been making waves in the insurance industry lately.
Beazley launches specialty D&O coverage for SPACs
Beazley PLC on Tuesday launched a range of directors and officers liability coverages for SPACs.