D&O claims pressure contributes to calls for 2024 pricing discipline
The US D&O market is hoping for increased underwriting discipline and slowing rate declines or even stabilization in 2024, amidst growing back-book issues and an increase in class action lawsuits on greener years.
The factors that ended the last soft market in public D&O “are not only falling into place, but becoming visible”, Kevin LaCroix, executive vice president at RT ProExec, a division of RT Specialty, told this publication.
Uncover exclusive insights tailored for insurance leaders
- Stay Informed: Access exclusive industry insights
- Gain a competitive advantage: Hear first about tactical developments
- Make better decisions: Understand market dynamics in crucial lines of business