D&O (Directors and Officers)
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Global pricing for financial business risks rose by 26 percent in the quarter, according to the broker’s survey.
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Businesses expected to suffer disproportionately in the post-coronavirus economy are seeing rises of up to 400 percent.
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Tesla says it has not renewed D&O cover for the 2019-20 policy period because of the cost of premiums.
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The commercial lines insurer first entered the country in 2015.
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As the Covid-19 crisis continues to deepen, this week signs of strain became increasingly evident in certain lines of business.
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An increase in the severity of securities class actions has seen D&O insurers present a united front against rising litigation, but divisions between carriers remain, writes John Hewitt Jones.
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Axa XL’s UK financial institutions head Eve Richards and Clyde & Co partner Angus Duncan join the broker.
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The case is likely the first over alleged misrepresentations to investors about the virus.
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Zurich is understood to lead the aerospace company’s D&O programme, brokered by Aon.
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When looking at rate trends for large directors’ and officers’ (D&O) accounts, one could call the situation a tale of two markets.
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However, there's more to re-underwriting an excess book than price alone, Inside P&C analysts noted.
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Rate hikes imposed on three large corporate accounts had a major impact on the broker’s quarterly index.
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