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The hire follows the addition of former Berkshire Hathaway executive Michael Densham to expand the MGA’s Canadian operations. -
Panelists in the Burns & Wilcox Labor & Staffing shortages webinar said litigations could rise amid pandemic-induced staffing shortages.
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Although Aon views the market as “favorable” relative to this time a year ago, pressures related to claims capacity and coverage rates continue, albeit to a lesser extent.
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In his new role at the specialist D&O MGA, Densham will report to Banyan founder and CEO Tim Usher-Jones.
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Insolvencies are a key source of claims but have been prevented by government support measures during the pandemic.
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The company will partner with an in-house MGA that will provide paper to write management liability insurance for private cannabis operators.
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The broker has announced several senior leadership changes since John Doyle was promoted to group president and COO.
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Excess coverages for public and private companies will include D&O liability, D&O side A/DIC, employment practices liability and fiduciary liability.
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The broker has reported successive slowdowns since rate increases hit a high in Q1 o 2020.
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ESG is emerging as a key threat to D&O insurers as pressure grows on companies to provide disclosures.
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Corvus touts AI and data tools as it launches its financial institutions coverage, backed by Accredited and an A+ rated reinsurance panel.
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RT ProExec report finds increasing legal and regulatory action on SPACs and cybersecurity among top concerns for D&O market.
