The U.S. D&O insurance market stabilized toward the end of 2022, as pricing increases moderated and renewal pricing was flat on average, according to new AM Best special report.
Tag: D&O insurance
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said.
Businesses Burned through SPAC Money, Now They’re Running Out of Funds
The SPAC boom took hundreds of risky companies to the stock market. The next stop for many is bankruptcy court.Â
Paramount Global Directors Agree to $168 Million Investor Settlement Over Merger
Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company.
Crisis in Banking and the D&O Market
The effects of the ongoing banking crisis are not limited to financial institutions; the D&O and P&C insurance markets have also suffered. This report investigates the origins of the banking crisis, its impact on the D&O markets, and what it means for P&C agents and brokers.
Beazley Updates Primary US Public D&O Offering
Specialist insurer Beazley has announced a refreshed Primary US Public D&O Wording, available both in the London Market and on a Surplus Lines basis in the US.
Corporations Fight Back Against D&O Premium Increases
Some of the most significant increases have occurred for policies that protect a company’s directors and top executives. Some major corporations have retaliated.
Great SPAC Crash of 2022 Deepens as Investors Cash Out
The great SPAC crash is bringing the year to a close in dramatic fashion, as more shareholders prepare to exit the speculative-investment industry for good.
Allianz: Key Risk Trends for Directors and Officers in 2023
Allianz’s report looks at the main factors behind potential lawsuits against a company and its board of directors by investors or other stakeholder groups in 2023.
Fitch Ratings: D&O Premium Increases to Slow Down
According to Fitch Ratings, a three-year trend of steep premium increases in the US directors and officers (D&O) insurance market, along with lower limits, higher retentions, and more coverage exclusions, is beginning to subside. These trends have resulted in an improvement in the financial performance of US D&O insurers over a three-year period. According to… Continue reading Fitch Ratings: D&O Premium Increases to Slow Down