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Wyatt is reunited with former IQUW and Agora colleague, James Blackwell in her new role. -
The duo will head up the D&F and DA teams, and report to active underwriter Steven Tebbutt.
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D&O insurers have long warned that economic conditions could push up insolvencies and associated claims.
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The underwriter has worked at various Axa entities for 13 years, holding a string of increasingly senior positions.
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The MGA will now offer employment practices liability, pension trustee liability, and commercial crime cover.
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Prices are continuing to decline in the D&O market following significant hardening.
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The scale of reductions is increasing as the class of business experiences its fourth consecutive quarter of rate falls.
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The broker said pricing reductions might decelerate throughout the year if carriers perceive increased risk.
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The ratings agency cited an increased risk of asset-quality deterioration.
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The WTW D&O liability 2023 survey canvassed directors and risk managers in 40 countries around the world.
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High capacity and an ongoing faith in the financial system have mitigated against instant action from insurers.
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The firm is led by the former executive team of MGA Medici Facultative, headed by Henrik Webster.
