D&O
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New entrants have eased the capacity constraints that played a large part in last year’s huge rating changes.
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The carriers insuring VW’s D&O policies have agreed to pay out claims due to damage inflicted by previous executives in the emissions scandal.
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The expansive syndicate was one of several players to join the D&O market after dramatic rate rises last year.
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The underwriting executive will oversee lines including cyber, D&O and casualty.
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The Gallagher MGA said current market conditions made it an ‘ideal time’ to invest in D&O.
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Two former Axa XL financial lines underwriters join the start-up.
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Hiscox, a lead market for D&O in London, takes its peer’s head of London market financial lines.
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Tegron Capital will launch in July and focus on excess-of-loss cover for publicly traded companies.
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The broker warns directors could face legal bills running into the millions of pounds.
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Underwriters and brokers are competing for talent amid hard market conditions in the class of business.
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Founders Philippe Gouraud and Yoel Brightman bring on board their former colleague.
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New York-based executive risk underwriter Jim Rizzo will lead the new product suite.
