Directors' and officers' (D&O) underwriters need to change the way they price the excess layers on towers of insurance coverage if they are to avoid the pitfalls of past soft markets.
That was the view of senior underwriting figures speaking at the PLUS D&O seminar in New York last week.
Endurance Specialty executive vice president John O'Donnell said that underwriters must make better use of the wealth of information on claims history, stock price volatility and other factors that might...
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