-
Frequency and severity of claims is starting to rise, and comes after sharp softening of rates. -
IAP served as financial adviser to Atri in the transaction.
-
The pair will lead crisis management and financial lines, respectively.
-
Batch coverage is also coming into focus as insurers look for ways to reduce exposure to large losses.
-
The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
-
The business will trade via London, the US and Canada.
-
Underwriting remains disciplined as insurers target profitable growth.
-
The price for policies with the same limit and deductible decreased 6.0%.
-
Overall, insurance rates fell by 1%, led by competition in property.
-
The carrier will only continue to offer lead capacity to some existing accounts.
-
Current rates at 2% to 2.5% translate to an 86% incurred loss ratio.
-
D&O direct written premiums fell 8% YoY as of June 30, and direct earned premiums declined 16%.
