Embattled businesses warned of greater D&O scrutiny
Troubled businesses have been urged to "plan to fail" amid changing conditions in the UK's directors' and officers' (D&O) liability insurance market.
Financially-stressed companies and financial institutions should expect to experience closer underwriting scrutiny, as well as a reduction in capacity and rising premiums, Marsh has warned.
The alert comes despite pricing, capacity and coverage conditions predicted to remain favourable for many companies this year.
But Adrian Jenner, senior vice president in Marsh's financial and professional practice, said struggling businesses are set to face "greater scrutiny".
He explained: "With the
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