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The broker said clients could expect to see double-digit rate decreases this year. -
The suit accuses CEO Brian Cornell and other Target executives.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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The program will offer limits up to $5mn.
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The move comes after Argo Pro announced it will exit professional lines.
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The executives will report to Jenise Klein, CUO for North America.
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Challenges in claims frequency and carrier competition are likely to remain.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
