D&O (Directors and Officers)
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The insurer denies it is responsible for the actor’s legal fees. -
Claims were concentrated in the US, with a significant increase in D&O class actions.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
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The carrier will focus on mid-market business outside of Lloyd’s.
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The MGA is building out its product base from its latent defects and surety offering.
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The reinsurer said the market was unprofitable and pricing needed to increase immediately.
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The move was influenced by fierce competition in the domestic US D&O market.
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PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size.
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Larger companies ranked regulatory breach as their top risk.
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The London wholesaler rebranded from GAWS of London in March last year.
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The facility is backed by a $10mn Lloyd’s binder.
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