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The company has struggled in reinsurance, while large claims dragged down D&O results in Q2. -
Pricing was “virtually flat” in the second quarter.
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The broker has noted that double-digit reductions are increasingly available in property.
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A growing divide in business courts could impact future D&O underwriting, sources said.
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The insurer denies it is responsible for the actor’s legal fees.
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The company also encouraged insurers and brokers to support the initiative.
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The VC firm has been incorporated in Delaware since its founding in 2009.
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At the year’s mid-point, there were 111 new SCAs filed in federal courts.
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The executive has experience as both an attorney and a broker.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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High general liability losses are cause for concern despite modest improvements in other lines.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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