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Global pricing for financial business risks rose by 26 percent in the quarter, according to the broker’s survey. -
Tesla says it has not renewed D&O cover for the 2019-20 policy period because of the cost of premiums.
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The case is likely the first over alleged misrepresentations to investors about the virus.
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Rate hikes imposed on three large corporate accounts had a major impact on the broker’s quarterly index.
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However, there's more to re-underwriting an excess book than price alone.
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The Hollywood mogul is said to have reached a settlement for the civil cases filed against him.
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The rate rises followed a slew of high profile class actions and derivative lawsuits against US public firms.
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The class action comes amid concerns over an uptick in environmental-related D&O claims.
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Sources said the new clauses would limit future opioid-related claims.
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Fitch said AIG’s reduction in appetite has exerted a “strong influence” on the class of liability business.
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The report suggests a continuation of upward D&O pricing momentum recorded in the first quarter.
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Aon's D&O report gives a rare data-driven lens into the level of re-underwriting and risk appetite changes that are driving the tightening of capacity tightening in P&C.
