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This continues a consecutive quarterly gain of over 6%. -
Executives at D&O Plus said the pain from deploying those limits is being felt.
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The ratings agency said growing competition has led to lower pricing.
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The broker has been adding to its capabilities in the region.
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The pace of price decreases has eased since Q2 last year.
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The percentage of cases that could lead to higher losses increased in 2023.
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This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.
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Frequency and severity are both ratcheting up at a time when there are already questions about rate adequacy.
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Directors and officers face an increased risk of litigation next year, according to a report.
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Issues over reinsurance pricing and capacity continued to plague commercial property.
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Distinguished will initially offer a true follow-form excess product covering D&O, employment practices and fiduciary liability for public, private and non-profit risks.
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A-Star offers up to $80mn in additional capacity for D&O liability insurance.
