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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”. -
With pricing surpassing a previous peak in 2002, new entrants and established carriers vied to secure business.
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The carrier has also promoted Srdjan Todorovic to lead its global political violence operation.
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The carrier has bolstered its property team following several staff exits earlier this year.
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Plus this week’s Q1 results and all the top news of the week.
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Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.
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The appointment comes after the carrier promoted Janine McGriskin to lead FI in the UK.
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The impact of the war in Ukraine has led to a drop-off in IPO activity, which many carriers were relying on for growth.
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The new lead underwriter has almost 30 years’ experience including stints at Chubb, Faraday and Howden.
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The broker has also appointed Rebecca Harvey from Besso to focus on North American production in D&O.
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Mark Herget joined Fidelis in April 2020 as an underwriter before being transferred to its Bermudan operation in November of the same year.
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The hire follows the appointment of Keith Mather to head up financial lines for the international business.
