-
Prices are continuing to decline in the D&O market following significant hardening. -
The scale of reductions is increasing as the class of business experiences its fourth consecutive quarter of rate falls.
-
The broker said pricing reductions might decelerate throughout the year if carriers perceive increased risk.
-
The ratings agency cited an increased risk of asset-quality deterioration.
-
The WTW D&O liability 2023 survey canvassed directors and risk managers in 40 countries around the world.
-
High capacity and an ongoing faith in the financial system have mitigated against instant action from insurers.
-
The firm is led by the former executive team of MGA Medici Facultative, headed by Henrik Webster.
-
The hire comes as Miller continues to expand its UK team under the leadership of Tim Norman.
-
AIG’s head of commercial D&O in the UK, Christopher Magee, is leaving the business to take up a role with Starr in the US, Insurance Insider can reveal.
-
The binder will offer £5mn in primary capacity for companies in technology, media and marketing.
-
WTW’s survey cites regulatory risk, health and safety precautions and bribery and corruption on the list of top D&O risks.
-
London D&F underwriters are seeing rate rises of 20% on average amid surging in-flows of new US business ahead of the key 1 April renewals.
