Professional indemnity
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Despite performance improvement, the segment still faces challenges, the ratings agency noted.
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Bill Sullivan will retire after six years leading Berkshire’s casualty construction team.
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Sector posts profit in 2018 but mounting concerns mean challenges are on the horizon.
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“Distressed” D&O market pushes for correction as professional indemnity notches up double-digit rate increases.
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EC3 execs described low-to-mid single-digit increases on average, with aviation, property D&F and PI rates pushing higher. -
Mark Wood, Sarah Hughes and Adam Codrington will all join the David Howden-led firm.
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Arguments were held Monday before the US Supreme Court in a case that could open the door to more lawsuits and D&O claims.
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Jonathan Kennett will lead the operation following the fusion of the UK and Ireland and Chubb Global Markets teams.
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The planned disposal would be the latest in a series of run-off sales at the global insurer.
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The executive replaces Steve Redding, who left Antares to join Volante.
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The increase to £350,000 per claim and the widening of the pool of those eligible for compensation could push up the cost of professional indemnity insurance.
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The Australian Royal Commission into financial services misconduct has led to withdrawal of local capacity
Most Recent
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