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Tag: D&O insurance
U.S. Directors & Officers Insurance Improved Results Likely Unsustainable
The U.S. Directors and Officers (D&O) liability insurance segment’s favorable statutory underwriting performance of 2023 is not likely sustainable amid declining premium revenues from lower premium rates, as well as the segment’s inherent underwriting volatility related to changes in litigation activity, defense costs and settlement trends, Fitch Ratings says.
Aspen Boosts 4Q Profit While Cutting Exposure to D&O, Financial Lines
Aspen Insurance Holdings Ltd. posted higher fourth-quarter net income as premiums fell as the group limited its exposure to classes such as directors and officers and financial lines.
U.S. Commercial Insurance Rates Sustain Upward Trajectory Exceeding 6%
U.S. commercial insurance rates have continued their upward trajectory through the fourth quarter of 2023, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate commercial price increase of 6.7%, continuing a consecutive quarter upsurge over 6%.
The Pace of Public D&O Price Decreases Slowed Down in Q4: Aon
The pace of public directors and officers liability insurance price decreases again slowed in the fourth quarter of 2023, with the average price per $1 million in limits dropping by 17.5%, according to Aon’s Quarterly D&O Pricing Index.
Securities Class Action Filing Activity Increased Slightly in 2023, Reversing Recent Years’ Declines
The number of securities class action lawsuits increased slightly in 2023, reversing the trend of decline over the last three consecutive years, according to a report released today by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse.
Allianz: Prepare for Directors and Officers (D&O) Headwinds
Ongoing inflation, refinancing and insolvency pressures, geopolitical issues, and electoral uncertainty are just some of the headwinds D&Os need to be prepared for in 2024, according to Allianz Commercial financial lines and D&O experts.
Q3 2023 P/C Market Survey Shows Softened D&O Premiums for First Time Since Q1 2017
Overall premiums increased by an average of 8.1% in Q3 2023 in comparison to 8.9% in Q2. This marked the 24th consecutive quarter of steady increases.
Crypto Exec Bankman-Fried Sues Continental Casualty Over Unpaid Claims
Embattled cryptocurrency executive Sam Bankman-Fried, defending himself against criminal charges in New York, now is on the offense in California in a lawsuit over unpaid directors and officers claims.
D&O Pricing Shows Double-Digit Drop in Q2: Aon
According to Aon’s quarterly Public Company D&O Pricing Index, the average price per million for public company directors and officers (D&O) liability insurance declined for the fifth consecutive quarter in the second quarter of 2023, down 26.8% compared to 2022.