Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch
Sep 25 2019 // After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and restoring profitability, according to Fitch Ratings, after several years of flat premium...
Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles
Sep 17 2019 // Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product...
Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference. Speaking at the Keefe, Bruyette & Woods Insurance...
Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2
Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...
With New, Legal Cannabis Industries, Illinois and Missouri Can Learn from Pioneer States
Aug 30 2019 // As Illinois and Missouri undertake the process of licensing businesses in their newly legalized cannabis industries — recreational in Illinois and medical in Missouri — they have the advantage of taking what has worked...
AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Plans Operational Overhaul
Aug 13 2019 // AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer’s ongoing efforts to shed excessively risky business. He also announced that AIG...
BHSI Enhances Executive First D&O Liability Insurance in Asia
Aug 13 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to include a provision that reinstates policy limits exhausted by...
Mnuchin, Lampert Want Sears D&O Policy to Pay Their Legal Fees
Aug 12 2019 // Almost four months ago, the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin over allegedly wrongful transfers of $2 billion in company assets. Now lawyers representing...
D&O Insurance Costs Soar as Investors Run to Court Over IPOs
Jun 18 2019 // Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities...
Commercial Insurance Prices Up Again in Q1; Auto, D&O Lead the Pack
Jun 17 2019 // Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey...
Most U.S. Commercial Insurance Prices Rose Again in Q1; Auto, D&O Lead the Pack
Jun 11 2019 // Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey...
Kaufman Dolowich & Voluck Hires Stroili in New York City
May 21 2019 // Kaufman Dolowich & Voluck LLP (KDV), a national law firm, has hired Peter A. Stroili as an insurance coverage partner in its New York City office. Stroili has 30 years of experience in insurance coverage, professional...
Sompo International Taps Pützer from Amlin as Head of Financial Lines in Germany
May 21 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines...
Commercial Insurance Prices Were Up 3% Globally, 1.1% in U.S. in Q1: Marsh
May 16 2019 // Average global commercial insurance prices increased 3% in the first quarter of2019, according to broker Marsh. This represents the sixth consecutive quarter of average commercial insurance pricing increases, Marsh said in...
Venture Insurance Programs Partners with Allianz on Golf, Country Club Accounts
May 10 2019 // Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the...
What Companies May Not Know About an Exclusion
Apr 15 2019 // Hiding in Their D&O Policies Many private companies believe that procuring a directors and officers liability (D&O) policy ensures that their executives are covered. But, does the D&O policy really protect...
AXA XL Promotes Minors to Product Line Leader, Bermuda Professional Lines Business
Apr 4 2019 // AXA XL has promoted Jennifer Minors to senior vice president – product line leader in its Bermuda Professional Lines Insurance business. Minors is responsible for managing directors and officers (D&O), professional...
Analysis: Warren Buffett Champions an Inferior Product in THREE Policy
Mar 25 2019 // Warren Buffett, often ahead of the curve, sounded like a disrupter in a 2004 shareholder letter. Fifteen years ago, Buffett wrote, “Insurers have generally earned poor returns for a single reason: They sell a...
BHSI Launches Professional Liability Cover for Asset Managers and Funds in UK, Ireland
Mar 18 2019 // Berkshire Hathaway Specialty Insurance (BHSI) has launched Professional First Asset Management Liability Insurance, which provides broad professional liability, directors & officers liability, and crime coverage...
NAS Insurance Re-Enters EPLI Market with New Management Liability Policy
Feb 5 2019 // NAS Insurance has re-entered the employment practices liability insurance market with a new three-in-one management liability product for small to mid-size businesses. The new NAS’ Management Liability policy will...
