D&O (Directors and Officers)
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The move was influenced by fierce competition in the domestic US D&O market. -
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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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.
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The company has exited some transactional liability and commercial D&O business.
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Plus the latest people moves and all the top news of the week.
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A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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The MGA said there was a “notable imbalance” between supply and risk exposure in the D&O space.
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