What keeps directors up at night was the subject of a seminar that considered the challenges for company directors and officers.

Henry Komansky and Michelle Cardwell, of Oyster consultants, were panellists during the event, which was jointly sponsored with Freisenbruch-Meyer Group.

The seminar explored the challenges directors face, including personal liability and increasingly complex roles, and the insurance perspective.

Mr Komansky spoke of the duties of a director around compliance and money laundering, the Bribery Act and data protection. He is an attorney with ten years of experience in the financial services industry, specialising in compliance and anti-money laundering and counter terrorist financing.

While Ms Cardwell, an industry professional for over ten years, addressed the duties of a director, third-party service providers, director training and director annual evaluations. Ms Cardwell is on the executive committee of the Institute of Directors Bermuda branch.

The panel was moderated by Rochelle Simmons, chairwoman for the IOD Bermuda.

Alison Morrison, managing director of Oyster Bermuda, said: “We were delighted with the high level of interest in this topic and to partner with Freisenbruch-Meyer on this initiative.

“Having experts from Arthur J. Gallagher present alongside our team really tied everything together and highlighted the importance of insurance not only for directors and officers but protection from cyberattacks.”