According to Fitch Ratings, the U.S. Directors & Officers (D&O) insurance line has experienced some of the most pronounced pricing increases among all commercial lines over the last three years, with shifts in underwriting practices such as lower limits, higher retentions, and more coverage exclusions fostering improvement in financial performance. These trends, however, are fading,… Continue reading D&O Insurance 1H22 Results Improve, Premium Growth Stalls
Tag: D&O insurance
Marsh: More D&O Insurers Willing to Offer Better Coverage to Businesses with Robust ESG Frameworks
Marsh, the world’s leading insurance broker and risk advisor, announced several enhancements to its directors and officers liability (D&O) insurance offerings today, potentially allowing more clients to benefit from superior environmental, social, and governance (ESG) frameworks. The move indicates that D&O underwriters are more willing to recognize organizations with strong ESG risk management as better… Continue reading Marsh: More D&O Insurers Willing to Offer Better Coverage to Businesses with Robust ESG Frameworks
Walgreens Reaches $105M Settlement with Shareholders
Walgreens Boots Alliance Inc agreed to pay $105 million to settle a long-running class-action lawsuit accusing the company of misleading shareholders about the impact of rising generic drug prices and reimbursement pressures on its pharmacy business. Following six months of mediation, the preliminary all-cash settlement was filed on Thursday in a federal court in Chicago,… Continue reading Walgreens Reaches $105M Settlement with Shareholders
SPACs Are Warning They May Go Bust
The SPAC boom brought a flood of companies to the public markets, promising investors years of rapid growth and profits. Many of these companies are already warning that they may fail two years after the boom began. According to Audit Analytics, at least 25 companies that merged with special-purpose acquisition companies between 2020 and 2021… Continue reading SPACs Are Warning They May Go Bust
D&O Market Had Its Best Year Since 2014, But Faces Headwinds: AM Best
According to a recent AM Best report, last year was the most profitable for the directors and officers (D&O) liability insurance market since 2014, but it may not reflect the challenges that lie ahead for the product line. Double-digit price increases through 2021 fueled D&O insurers’ top-line premium growth, which is expected to remain near… Continue reading D&O Market Had Its Best Year Since 2014, But Faces Headwinds: AM Best
D&O Insurance Sharp Premium Growth Drives Loss Ratio Improvement
According to rating agency Fitch Ratings, several years of U.S director and officers’ (D&O) insurance rapid premium growth led to a material decline in 2021’s direct loss ratios, and it is expected that it may continue in the near term. But, recent performance improvement and competitive factors are expected to temper further prices increases. The… Continue reading D&O Insurance Sharp Premium Growth Drives Loss Ratio Improvement
P&C Rates Up through Q4 with Increases Moderating
MarketScout data shows commercial property and casualty (P&C) insurance rates rose through the fourth quarter of 2021, with the composite rate standing at 5.8 percent versus 6.8 percent in Q3. According to MarketScout, the most significant rate increases in the fourth quarter were for umbrella, property, and directors and officers liability. However, with the exception… Continue reading P&C Rates Up through Q4 with Increases Moderating
U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds
Six in 10 U.S. insurance companies agree that demand from stakeholders to explicitly consider environmental, social and governance (ESG) factors in their decision-making is growing, according to survey results published by AM Best. Compared with Europe, the U.S. insurance industry is still in the nascent stages of ESG integration. Given the developing perceptions of ESG,… Continue reading U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds
ESG Gains Could Buy Better Terms in Insurance Program
U.S. companies deemed to have superior environmental, social and governance practices will be eligible for improved terms on directors-and-officers liability insurance policies under an initiative by a leading broker. Marsh McLennan’s brokerage unit has teamed with international law firms and four major insurance carriers to recognize corporate clients for strong efforts in the increasingly high-profile… Continue reading ESG Gains Could Buy Better Terms in Insurance Program
Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger with Towers Watson
Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that the brokerage’s 2016 merger with Willis included a $165 payout to its chief executive. A federal judge in Alexandria, Va. ruled Tuesday… Continue reading Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger with Towers Watson