D&O rate increases hit 77.3%, reports Marsh
Company warned that there is no end in sight to the recent rate hikes in the sector.
Rate movement in directors and officers (D&O) liability hit 77.3% in Q3 2019, figures released by Marsh have revealed.
This follows increases of 34.9% and 64.7% in Q1 and Q2 respectively.
The measure tracks Marsh’s exposure to D&O rates when covering FTSE 100 clients. For private companies, the figure for Q3 stood at 42.9%.
Beth Thurston, head of management liability at Marsh UK and Ireland, noted that the company has seen around 18 months of upward rate movement in the market. She added that
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