Reinsurance News
D&O
Aon launches D&O Risk Analyzer for US brokers
19th August 2024
Global re/insurance broker Aon has unveiled its Directors and Officers (D&O) Risk Analyzer, a new digital offering designed to enable risk managers and brokers to better assess executive risks and tailor more impactful insurance programs. Part of a growing suite of new offerings, the new application will allow risk managers of ... Read the full article
Softening pricing in US directors & officers insurance as premiums decline: AM best
21st June 2024
Strong underwriting performance in the US directors and officers (D&O) liability insurance market is expected to put downward pressure on rates due to reduced demand in this segment, according to a recent report by credit rating agency AM Best. Based on findings from Best's Special Report, direct premiums in the monoline ... Read the full article
Alta Signa expands into Swiss market with new office
5th June 2024
Alta Signa Europe B.V., the European boutique managing general agent (MGA), is expanding its presence in the DACH region by opening a new office in Switzerland. This new office will have access to high-quality insurance options from trusted partners in Alta Signa’s network, ensuring reliable coverage for clients. Located in Cham, Zug, ... Read the full article
P&C sector reports improved conditions in early 2024: McGriff
28th May 2024
The Property & Casualty (P&C) industry began 2024 in a stronger position compared to 2023, driven by 25 consecutive quarters of premium increases, improved investment returns for insurers, and a relatively mild hurricane season, highlights broker McGriff in a recent report. The broker highlights Fitch Ratings' prediction for modest underwriting improvements ... Read the full article
RSA partners with Q Underwriting to launch new Management Liability product
21st May 2024
RSA Insurance and specialist managing general agent (MGA) Q Underwriting have partnered to launch a new Management Liability product, aimed at private limited companies and limited liability partnerships. Management Liability insurance protects directors, officers and the company from exposures that may come as a result of the actions and decisions they ... Read the full article
D&O and cyber insurance premiums beginning to level off: BRP Group
19th April 2024
After several years of significant increases in insurance costs, followed by weighty decreases over the past 18 months, organisations are beginning to see a leveling off in premiums for both Directors & Officers (D&O) and cyber insurance, according to BRP Group, Inc. The independent insurance distribution firm recently released its third ... Read the full article
P/C Market Survey reveals softening D&O premiums amidst industry challenges
28th November 2023
In Q3 2023, the Quarterly Property/Casualty (P/C) Market Survey reported the 24th consecutive quarter of overall premium increases, but notably, Directors and Officers (D&O) insurance premiums saw a rare decline of -0.3%, marking the first decrease since Q1 2017. The report suggests several potential factors contributing to this unusual shift. A ... Read the full article
Rokstone to expand footprint into D&O insurance
8th August 2023
Rokstone, an international specialty re/insurance MGA, and part of the Aventum Group, has announced its plans to expand the company’s footprint into Directors and Officers (D&O) insurance. According to the announcement, this move aims to capture the underserved and complex small and medium-sized enterprises (SMEs) and Mid-Market D&O risks across the ... Read the full article
Softer pricing for U.S. D&O insurance segment as market stabilizes in 2023: AM Best
18th May 2023
After two years of hard market conditions, the U.S. directors and officers (D&O) insurance market stabilized toward the end of 2022. AM Best noted that pricing increases moderated and renewal pricing was flat on average indicating the stabilisation. In 2022, D&O liability coverage was one of the property/casualty lines that were ... Read the full article
Economic & cyber hailed as biggest risks surrounding D&O: WTW & Clyde & Co
25th April 2023
According to a new survey from brokerage WTW and global law firm Clyde & Co, economic and cyber risks, particularly those associated with data loss and ransomware, are causing increasing concern for Directors and Officers (D&O). The Director’s and Officers’ Liability survey identifies the key risks that surround Directors across the ... Read the full article
Nasdaq-listed companies see 20% drop in D&O insurance premiums: Report
25th April 2023
Independent insurance distribution firm BRP Group in partnership with Nasdaq said that the primary Directors and Officers (D&O) insurance premiums of Nasdaq-listed companies steeply declined by 20 percent in 2022, and recently listed companies experienced even larger drops. BRP Group and Nasdaq’s Second Annual D&O Benchmarking Report had more than ... Read the full article
Analysts at KBW expect bank-related D&O claims to be manageable
27th March 2023
Any reacceleration in D&O pricing will probably remain limited to financial institutions as bank-related D&O claim settlements will likely be prolonged - despite claims being manageable - KBW analyst following a recent call with Kevin LaCroix, RT ProExec EVP, a division of RT Specialty. Analysts noted that D&O rates, unlike most ... Read the full article
Cutback in IPOs a “key driver” behind the drop in D&O direct premium in 2022: AM Best
15th February 2023
According to analysts at AM Best, one key question that currently surrounds the US directors & officers (D&O) insurance segment is whether carriers can sustain their recent, more favorable results given less aggressive pricing amid high social inflation and inflationary economic pressure. In Best’s market segment report, ‘Hard Market Gives Way ... Read the full article
Beazley launches new private equity liability insurance product
27th January 2023
Beazley, the specialist insurer, has announced the launch of a new private equity liability insurance product. The insurer stated that the tailored product is designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by private equity firms. Across the full lifecycle of investments, ... Read the full article
Communication key as D&O market continues stabilisation: Gallagher
15th December 2022
The directors’ and officers’ insurance (D&O) market has continued a period of stabilisation over the last quarter, according to a recent report by insurance brokerage firm Gallagher. Analysts noted that, due to insurer competition, the record-high premiums seen in the previous two years have continued to decline. The challenges seen from a ... Read the full article
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