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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy. -
A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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Around $155m of the businesses in-force gross premium will be transferred to Core Specialty.
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Federal court securities class actions hit a four-year high last year.
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Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.
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IAP served as financial adviser to Atri in the transaction.
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The pair will lead crisis management and financial lines, respectively.
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Batch coverage is also coming into focus as insurers look for ways to reduce exposure to large losses.
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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
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The business will trade via London, the US and Canada.
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Underwriting remains disciplined as insurers target profitable growth.
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The price for policies with the same limit and deductible decreased 6.0%.
