-
Frequency and severity of claims is starting to rise, and comes after sharp softening of rates. -
The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
-
Underwriting remains disciplined as insurers target profitable growth.
-
The price for policies with the same limit and deductible decreased 6.0%.
-
D&O direct written premiums fell 8% YoY as of June 30, and direct earned premiums declined 16%.
-
Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
-
The firm will specialize in professional liability insurance for SMEs.
-
Renewals with flat or increased premiums are on the rise, however.
-
Expansion of the middle-market book is an ongoing focus.
-
However, the market is still struggling with excess capacity and low demand.
-
Securities class actions are a perennial source of claims for D&O insurers.
-
Q2 was the ninth consecutive quarter of year-over-year price decreases.
