Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O
Jun 25 2024 // Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s Side A DIC solution was created for clients that have been unable to...
A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best
Jun 21 2024 // The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report...
D&O Risks to Consider When Exploring the New Frontier of Gen AI
Apr 15 2024 // Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is...
Materiality Matters: D&O Insurers Seek Clarity On SEC Disclosure Rules
Apr 15 2024 // The U.S. Securities and Exchange Commission adopted final rules almost a year ago in July 2023 requiring public companies to disclose both material cybersecurity incidents and material information regarding their...
Markets/Coverages: AXA XL’s Bermuda Professional Lines Team Enhances D&O Policy
Apr 11 2024 // AXA XL’s Bermuda Professional Lines Team has launched a new lead difference-in-conditions (DIC) directors and officers liability policy. “AXA XL is one of the largest D&O insurers in the North American...
US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch
Apr 4 2024 // The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according to Fitch Ratings in a report. Fitch attributed this reality to...
Skeptical AM Best Tags US D&O Segment With Negative Outlook
Mar 18 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...
Skeptical AM Best Tags US D&O Segment With Negative Outlook
Mar 4 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...
Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity
Feb 14 2024 // Insurance broker Marsh announced that its D&O Echo facility is now offering clients with enhanced directors and officers insurance protection, in order to provide greater financial stability amid continued volatile...
Top Insurance Journal D&O Stories of 2023
Dec 28 2023 // Million-dollar court cases, expert predictions and in-depth market analysis — Insurance Journal’s top-read directors and officers insurance stories in 2023 scrutinized notable national headlines through a D&O...
Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door
Dec 14 2023 // While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with...
Markets/Coverages: McGill and Partners Launches Coverage for Corporate Insolvency as D&O Policy Extension
Nov 20 2023 // McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors...
Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’
Nov 14 2023 // Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity...
FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit
Nov 9 2023 // Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried dropped an insurance coverage lawsuit against excess insurance company Continental Casualty Co. Shortly...
AIG Continues to Take Cautious Approach to Excess D&O in North America
Nov 3 2023 // Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company’s chief executive said financial lines offset...
As Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage
Oct 4 2023 // Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment...
Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters
Sep 19 2023 // While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for 2023, those fears have been replaced with a...
The SEC’s New Disclosure Rules and Cyber, D&O Coverage
Sep 13 2023 // Powered by InsuranceJournal.tv The U.S. Securities and Exchange Commission in July adopted rules that require public companies to disclose certain information about their cyber risk. The rules, originally proposed in March...
Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case
Aug 30 2023 // A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. According to court documents...
Aon: Public D&O Pricing Drops for Fifth Straight Quarter; 96% Retain Carriers
Aug 2 2023 // Despite movement in limit and deductible levels, public directors & officers (D&O) pricing continues to drop for the fifth consecutive quarter. The pricing index from Aon Commercial Risk Solutions’ Financial...
