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Hardening in the financial lines market has been exacerbated by fears over Covid-19. -
Are the elements needed for a sustained hard market in play? Not so long as capital is knocking the door down to get into the market at the merest sniff of opportunity.
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In court documents, the defence company says Aon failed to provide sufficient claims notification advice.
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Umbrella covers and commercial property "hardening at fastest pace since 9/11”.
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The use of exclusions could leave the personal assets of directors at risk in the event of legal action.
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New data from Aon on D&O pricing in Q1 shows continued acceleration of rate increases.That said, we still see the true story as more balanced, with excess pricing changes distorting headline figures.
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Global pricing for financial business risks rose by 26 percent in the quarter, according to the broker’s survey.
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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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The recruit was the US carrier’s head of UK claims and international financial lines claims.
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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.
