D&O (Directors and Officers)
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Next year will mark five consecutive years of insolvency increases. -
The chief of market performance urged underwriters not to follow the herd.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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The carrier is planning a limited relaunch into the UK D&O market.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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Plus, the latest people moves and all the top news of the week.
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Rates are bottoming out, but ample capacity is still preventing a hardening market.
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Worsening trading conditions in the D&O market are leading to staff cutbacks.
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A number of staff will be leaving the D&O team as a result of the restructuring.
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The move will impact around $50mn of gross written premiums in total.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
