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Markel had announced the exit from the line of business in the US last year. -
The market is up against emerging risks and a whole heap of uncertainty.
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At the PLUS D&O symposium, executives raised concerns over tariffs and the role of reinsurance.
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D&O liability premiums have declined by double digits in seven of the last eight quarters.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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The suit accuses CEO Brian Cornell and other Target executives.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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Challenges in claims frequency and carrier competition are likely to remain.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
