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The D&O market continues to soften, following several years of substantial rate increases. -
A-Star offers up to $80mn in additional capacity for D&O liability insurance.
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There is an increasing focus in the casualty reinsurance space on social inflation and litigation funding trends.
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The decline marked the sixth consecutive quarter of double-digit pricing declines.
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Hema Mistry returns to the UK to run the finpro division, following a stint at the broker in San Francisco.
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Sources said a move towards facilities was the latest evidence of market softening in the D&O class.
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Lockton is hiring in financial institutions following the departure of several staff to join Bishopsgate.
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Plus this week’s people moves and all the top news from this week.
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Strong words from Patrick Tiernan have caused a stir in the market as pricing continues to fall off fast.
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The carrier is rebuilding its financial lines team following a number of staff exits from the division.
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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.
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Berman will replace Ramesh Singh, who is leaving the business to head up financial lines at Aviva.
