D&O (Directors and Officers)
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The hammering of hailstorm losses that US homeowners’ carriers reported for H1 will drive positive change in property markets. -
BHSI grew to be one of the largest writers of D&O in London during the hard market of 2020 and 2021.
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Aon report marks the fifth consecutive quarter of year-over-year pricing decreases in the D&O space.
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The business will offer products including commercial financial lines, financial institutions and investment management insurance.
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The underwriter has previously worked at AIG, Chubb and Markel.
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Cyber GWP could exceed $50bn by 2030, the broker predicts.
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The executive will work as director of underwriting for the specialty casualty division.
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The executive oversaw lines of business including management liability, financial institutions and healthcare.
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It emerged earlier this month that Westfield Specialty was launching a D&O book through Syndicate 1200.
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The class is attracting increasing scrutiny from executives and within Lloyd’s, as a descent in pricing persists.
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The broker said clients could save money, increase limits and buy extra coverage.
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Syndicate 1200 exited London D&O in 2020 when it was under the ownership of Argo.
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