Executive & D&O
-
Marsh ESG Risk Rating tool to help Asian firms get preferential D&O T&Cs
Companies in Asia can now be considered for preferred D&O liability insurance policy terms and conditions based on the strength…
-
US cyber rates increase 15% in first quarter 2023
Commercial insurance rates rose in nearly all lines in the first quarter of 2023, with cyber liability and commercial property…
-
Major change in insurers’ underwriting approach as reinsurance market hardens
There has been a major change in insurers’ underwriting approach in 2023 compared to last year, as a result of…
-
Beazley revamps US public D&O wording
Specialist insurer Beazley has launched a new simplified primary US public D&O wording that includes enhanced pre-claims coverage, expanded side…
-
Gallagher sees challenging US market for buyers continuing this year
US buyers continued to face a challenging insurance market during the first quarter of 2023, according to Gallagher. It said…
-
Australian D&O rates softening but pressures remain
Rates in the Australian D&O liability market have continued on a downwards trajectory, following a trend reversal in mid-2022, reports…
-
Swiss regulator mulls further action over Credit Suisse
Swiss regulator the Financial Market Supervisory Authority (Finma) has not ruled out further disciplinary action against Credit Suisse, or its…
-
D&O competition keeping rates lower amid claims uncertainty
Price competition from several newer entrants in the US D&O market has seen a shift in pricing at a time…
-
Commercial insurance price hikes to continue in most lines, says US broker
Commercial insurance rates in the US will continue to rise mainly in the single and low double digits across major…
-
Ballantyne Brokers in management buy-out from K2 Insurance Services
Specialist London-based Ballantyne Brokers has seen a management buyout from its parent company K2 Insurance Services. The buyout was led…
-
Banking crisis may lead to US D&O market hardening
The high-profile federal takeover of two mid-sized US banks will create a ripple effect that could affect the cost and…
-
Directors likely to face ‘swathe of litigation’ over ESG risks
Increasing ESG risks are likely to result in a spike of claims against directors and drive further increases in insurance…
-
Oklahoma to follow Delaware and allow captives to insure Side A D&O
US captive domicile Oklahoma looks set to follow Delaware in allowing a captive to insure Side A D&O insurance. In…
-
D&O insurers avoid heavy losses from banking crisis as Credit Suisse takes $54bn lifeline
D&O insurers have been thrown a lifeline by the US government’s intervention to guarantee full deposits of tech start-up clients…
-
US commercial insurance prices increased 4.8% in fourth quarter of 2022
US commercial insurance prices continued to increase in the fourth quarter of 2022, albeit at a marginally lower rate on…
-
Signature Bank and executives hit with shareholder lawsuit
A plaintiffs law firm has filed a putative class action lawsuit against Signature Bank, which was seized by New York…
-
SVB shareholders launch D&O class action
Shareholders have launched the first class action against US tech lender Silicon Valley Bank (SVB), its CEO Greg Becker and…
-
Cyber captive growth to continue
Captives will be increasingly used by European companies to provide cyber coverage as demand grows and prices for commercial market…
-
Insurance market ‘like a roller coaster’ says Amwins
The insurance market is seeing some strong underwriting results from carriers, leading to softening in some market segments, but at…
-
AXA XL’s insurance revenues up 14% on back of moderating price rises
AXA XL’s insurance revenues rose 14% to €15.86bn last year helped by rate increases at renewal of 7%, but average…