D&O rate reductions of 40% available in some sectors: Gallagher
Rate reductions of more than 40% are available in certain segments of the D&O market as both start-ups and incumbent markets battle to secure premium income amid a slump in new business, according to a report from Gallagher.
The broker said premium reductions for some life sciences clients came in at more than 40% during Q3, driven by increased market capacity and appetite, a trend expected to continue in Q1 2023.
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