Pricing trends in the private D&O segment remained slightly negative in Q4 with soft market conditions expected to continue through 2025, but in cyber the impact of rising claims frequency will likely trigger a shift in soft market dynamics in the second and third quarters of the year, according to CRC.
D&O
The Delaware Superior Court has ruled that AIG, Chubb and WR Berkley units must cover the costs of a class action settlement that their D&O policyholder, Harman International, is liable to pay its shareholders.
The number of securities class action lawsuits filed in US federal courts increased 4.7 percent to 222 in 2024, according to RT ProExec’s Kevin LaCroix.
The US professional lines market is entering a period of transformation, according to Amwins, which highlighted that “a clear distinction is being made between wholesale and retail strategies” and also suggested the D&O market may soon stabilise.
Global D&O pricing has continued to soften throughout 2024, Allianz Commercial has said, with London market wholesale carriers pushing up competition in overseas markets.
K2-owned Aegis General Insurance has launched a new US private company management liability program led by former Scale Underwriting executive Jeff Hirsch that will offer D&O, EPL and fiduciary liability coverage,
The average price per million for US public D&O insurance fell by 11.1 percent year on year in Q3 2024, the 10th consecutive quarter of decreases and a notable acceleration from the 5.2 percent reduction recorded in Q2, new data from Aon shows.
Aventum-owned specialty MGA Rokstone has doubled its directors and officers line size to £10mn ($13mn).
The increasing range and volatility of employer risks driven by shifting workplace cultures and issues around inclusion and sustainability will prompt an uptick in D&O and employment practices liability cover, a new report by Beazley has found.
Distinguished Programs has expanded its partnership with Berkley Program Specialists to underwrite its community associations crime and D&O products.
