- Hard D&O market prompted Meta to look for alternative options
- Corporate Law changes in Delaware earlier this year permitted the use of captives for some Side A risks
- Laser DIC policy tailored to ensure Ds & Os retain coverage equivalent to the commercial market
- Meta creates separate cell within its Hawaii captive to segregate D&O capacity from other risks
Meta, the parent company of Facebook and WhatsApp, has used its Hawaii-domiciled captive to provide Side A insurance coverage to its directors and officers.
The technology giant originally formed Honu Insurance Company, LLC in December 2020 to start reinsuring international employee benefits.
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