D&O (Directors and Officers)
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market. -
Are we set for the shortest softening D&O market ever?
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Accredited Insurance will be the fronting partner for Nexus Frontier.
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The policy, which Beazley claims to be the first of its kind in London and the US, will offer $10mn of capacity.
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A Howden report on the D&O market shows that clients “heavily penalised” for Covid-19 exposures have seen “meaningful rate reductions”.
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With pricing surpassing a previous peak in 2002, new entrants and established carriers vied to secure business.
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Plus this week’s Q1 results and all the top news of the week.
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Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.
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The impact of the war in Ukraine has led to a drop-off in IPO activity, which many carriers were relying on for growth.
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The hire follows the appointment of Keith Mather to head up financial lines for the international business.
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Linda Daly will join the company’s D&O division led by Michael Chu.
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The start-up said its survey shows that SPAC and de-SPAC claims would drive increasing litigation throughout 2022.
