More D&O rate softening to come amid IPO slump as primary pressure arrives
Underwriters and brokers canvassed by this publication expect more aggressive rate softening for public company D&O programs until the first quarter of 2023, as excessive competition and the slowdown of IPO and SPAC business continues to push rates into negative territory.
Yet sources noted that factors such as a challenging regulatory environment, ESG concerns and recession-related bankruptcies could cause an uptick in D&O claims – moderating rate pressure as early as the first half of next year.
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