D&O (Directors and Officers)
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D&O direct written premiums fell 8% YoY as of June 30, and direct earned premiums declined 16%. -
Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
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The firm will specialize in professional liability insurance for SMEs.
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Renewals with flat or increased premiums are on the rise, however.
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Expansion of the middle-market book is an ongoing focus.
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However, the market is still struggling with excess capacity and low demand.
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Securities class actions are a perennial source of claims for D&O insurers.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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Pearce brings 25 years of experience with a background in the A&E sector.
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In 2023, the segment had its best direct loss ratio in nearly a decade at 50.8%.
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The new offering is an admitted product for SMBs and non-profits.
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Loss picks for other liability are at a 23-year high, but that still may not be enough.
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