In-depth - liability: Are D&O rates being held captive?
With rates down and claims up, brokers are facing a new reality in the directors & officers market. Martin Friel reports
If construction PI is having a tough time, it’s got nothing on the directors’ & officers’ (D&O) market.
Recent figures from Marsh’s Global Insurance Market Report found that there had been a 73% upward rate movement in Q3, an increase on the 65% witnessed in the previous quarter. The results for Q4 found that many clients have been faced with price increases of over 100%.
A survey of Airmic members found that over 80% of respondents had experienced rate increases, with 13% seeing their rates
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