D&O
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The appointment comes following the departure of Renette Pretorius, who is joining Berkshire Hathaway Specialty Insurance. -
Sources said that some entities were exhibiting “sheer desperation” to hit 2022 plans, driving down prices.
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The executive has worked at the carrier for over nine years, initially within the accident and health team.
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The appointments come following the exit of underwriter Matthew Howard-Coombe to Starr.
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The broker said clients could achieve broader terms and higher limits in D&O, although there was frustration over pricing fluctuation.
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The rapid cooling of the US SPAC and de-SPAC market could also prove fertile ground for the plaintiff bar.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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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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