D&O (Directors and Officers)
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The move comes as rates continue to decrease in the D&O class. -
A total of 30 carriers entered the US public company D&O space in 2023.
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There is frustration in the market that remediation work has been squandered.
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WTW said the rise of the risk from health and safety was “surprising”.
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The findings have implications for businesses and D&O.
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Insurance Insider reported last year that the facility was relaunching.
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The broker has been adding to its capabilities in the region.
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The pace of price decreases has eased since Q2 last year.
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This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.
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The Hartford, Canopius, Newline, QBE, CNA Hardy, Travelers, Hamilton and Volante are participating in the facility.
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Sources said that there was still rating adequacy in the market, but that further pricing falls would be unsustainable.
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