Professional indemnity

Almost three months after the devastating fire at Grenfell Tower, professional indemnity (PI) underwriters and their advisers are reviewing their policy wording and demanding more information on proposal forms to weed out areas that could leave their firms exposed.

David Nayler, Aon UK's former head of financial and professional services, has agreed to move to Marsh to lead its UK financial institutions industry practice, the broker announced today.

The price for each $1mn of directors and officers coverage fell by an average of 7 percent in the second quarter according to a report from Aon.

Navigators Group plucked Jim Rhyner from the senior ranks of Chubb to run its Navigators Pro division from an office in New Jersey.

Brit has recruited Tom Bongi from XL Catlin as executive vice president for professional lines at its US platform.

Global P&C carrier Chubb has promoted Chris Savvas to head of its professional indemnity operation in the UK and Ireland

Directors' and officers' (D&O) liability insurance rates fell again in the US during the first quarter, with Aon's quarterly price index tumbling to its lowest value in the 15 years since it was created

Berkshire Hathaway Specialty Insurance has entered the professional indemnity, cyber and financial lines markets in Southern Europe, the carrier announced today.

Julian Elms, a veteran of directors' and officers' (D&O) underwriting, is leaving XL Catlin after 13 years, The Insurance Insider can reveal

Willis Towers Watson has named James Jackson as head of financial institutions for Great Britain (GB) within its Finex division, the broker said today.

Lloyd's broker Servca is expanding into Canada in response to demand from regional brokers for direct access to the London liability insurance market.

Bermudian carrier Argo has hired Mary Henderson as its new head of financial institutions within its Jersey City-based Argo Pro unit.