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Insolvencies are a key source of claims but have been prevented by government support measures during the pandemic.
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The company will partner with an in-house MGA that will provide paper to write management liability insurance for private cannabis operators. -
The broker has announced several senior leadership changes since John Doyle was promoted to group president and COO.
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Excess coverages for public and private companies will include D&O liability, D&O side A/DIC, employment practices liability and fiduciary liability.
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The broker has reported successive slowdowns since rate increases hit a high in Q1 o 2020.
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ESG is emerging as a key threat to D&O insurers as pressure grows on companies to provide disclosures.
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Corvus touts AI and data tools as it launches its financial institutions coverage, backed by Accredited and an A+ rated reinsurance panel.
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RT ProExec report finds increasing legal and regulatory action on SPACs and cybersecurity among top concerns for D&O market.
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Sources indicated that Tesla could be self-insured for its employment practices liability exposure.
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The California-based executive will oversee the underwriting strategy of Axa XL’s commercial E&O business in the region.
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With litigation easing and more competition in the market, Woodruff Sawyer predicts slower rate increases for D&O coverage.
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As federal courts and the SEC take a more critical view of the vehicles, D&O underwriters are approaching coverage with caution.
