D&O (Directors and Officers)

The Corporation used its latest market message to call out what it saw as an “underwhelming” approach from specialty insurers to changing conditions and “moronic” D&O underwriting.

She joins the D&O team in London following the exit of senior underwriter Tim Carpenter, who is joining BHSI.

Average renewal premiums decreased 20% to 30% over the previous year’s price, with some public companies posting premium falls of 50% to 60% in the past 18 months.

Aviva has seen a number of staff exits from its D&O team, with senior personnel leaving to launch a book at Westfield Specialty.

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.

Aon report marks the fifth consecutive quarter of year-over-year pricing decreases in the D&O space.

The business will offer products including commercial financial lines, financial institutions and investment management insurance.

The underwriter has previously worked at AIG, Chubb and Markel.

Cyber GWP could exceed $50bn by 2030, the broker predicts.

The executive will work as director of underwriting for the specialty casualty division.

The executive oversaw lines of business including management liability, financial institutions and healthcare.