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.
Wall Street’s $100 Billion SPAC Boom Upends the League Tables
The blank-check listings craze is shifting fortunes on Wall Street, knocking some of the world’s biggest banks off their perches and bringing unexpected bragging rights for others unaccustomed to competing for league table glory.