Executive & D&O
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Mixed primary market outlook for 2024: Zurich
Zurich has painted a mixed picture for European insurance buyers next year with some areas, such as marine, stabilising, and…
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Companies must ensure CISOs are covered under D&O policies, experts say
Chief information security officers (CISOs) are likely to become targets for regulators and plaintiff attorneys in the US as part…
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US insurance prices rise in Q3 but pace slows
US commercial insurance premiums rose 8.1% on average in the third quarter, with property rates continuing to surge, according to…
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Specialty broker Consilium books 35% growth and targets further expansion
Specialty broker Consilium has reported 35% growth in revenue for the year ending June 2023, booking gross written premiums of…
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Asia sees modest price increases amid growing demand for ART
Demand for alternative risk transfer solutions has increased in Asia according to Aon, which said it has seen a growing…
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Global insurance market moderates further in Q3 as insurers go for growth: Aon
The global commercial insurance market moderated further in Q3, with prices still rising a touch in most regions, but buyers…
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Gallagher rebrands US management liability practice
Gallagher has renamed its US management liability practice as executive and financial risk practice and appointed Jennifer Sharkey as managing director of…
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EU promises jail time for D&Os of polluting companies
The European Parliament (EP) and Council negotiators have reached a provisional agreement on an update of EU environmental crimes and…
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Increasing regulatory risks for global insurance programmes
Alex Gage, head of global programmes – specialty risks, Beazley, spoke to Global Risk Manager about demand for specialty products,…
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WTW launches global excess D&O facility
WTW has launched a global excess D&O facility that offers up to $80m in limit and “enhanced” covers. The broker…
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Nat cat, US liability and construction set for tough renewal
The insurance market is looking much more stable for European buyers at year-end renewals but there remain some difficult areas…
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Bankman-Fried withdraws D&O lawsuit against CNA
FTX founder Sam Bankman-Fried, who was found guilty earlier this month of stealing from customers of his now-bankrupt cryptocurrency exchange,…
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US E&S lines see increased business and profitability
Increased business for the US excess and surplus (E&S) lines insurance segment, due to declining capacity in commercial lines and…
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McGill launches corporate insolvency coverage solution
A new coverage solution for corporate insolvency has been launched by McGill and Partners. The specialist (re)insurance broker has launched SAIFElimits, a…
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Double-digit property rate rises in US continue but cyber pricing falls
Property pricing in the US continues to see double-digit increases, but has moderated in the third quarter of 2023, according…
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GVNW rebuts GDV warnings over D&O outlook
A storm is brewing in the German D&O insurance market as the risk and insurance management association (GVNW) responded rapidly…
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Thurston replaces King as CEO of Marsh’s large UK client business
Marsh has promoted Beth Thurston to CEO of its UK risk management unit, which focuses on the largest and most…
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Rate increases level off but Marsh doesn’t think market ready to soften
Global insurance rates rose by 3% in Q3, the same as the previous quarter and in line with the last…
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AXA XL warns over unsustainable D&O pricing and says European cyber market needs to ‘catch-up’
The big price swings in D&O insurance suggest that the market isn’t functioning properly and needs to show more discipline…
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European buyers face small price rises but stable year-end renewal
Insurers are predicting a much more stable year-end renewal for European firms but they expect rating to remain healthy and…