Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
Directors & Officers Risk Landscape Shaped by Insolvencies, COVID, Activism: Allianz
Dec 16 2020 // While the COVID-19 pandemic presents risks for directors and officers (D&O), it is far from the only force these insureds and their insurers will be dealing with in the year ahead. Rising insolvency exposures, growing...
Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity
Dec 1 2020 // U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources...
Professional Liability Underwriters Feeling Pressure From COVID: AM Best
Nov 13 2020 // The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM Best report. With its...
HIIG Adds Public Company D&O Coverage, Picks AIG’s Bujosa to Lead
Nov 12 2020 // Houston International Insurance Group, Ltd., has expanded its management liability coverage offerings to include an excess public D&O (Directors and Officers) product. As part of this expansion, the company hired...
P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues
Nov 9 2020 // Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face challenges related to virus-related insurance losses and premium volume...
Houston’s HIIG Expands D&O Coverage for Public Companies; Adds Top Talent
Nov 3 2020 // Houston International Insurance Group Ltd. (HIIG) is expanding its management liability coverage offerings to include an excess public D&O (directors and officers) product. As part of this expansion, Peter Bujosa has...
Robinson+Cole Expands New York Office with Eight Member Financial Lines Team
Nov 3 2020 // Robinson+Cole has expanded its New York office with the addition of two partners, John F. McCarrick and Erica J. Kerstein, as well as two counsel, Phyllis A. Ingram and Sedgwick M. Jeanite, and four associates, Meryl E....
Sompo International Adds D&O Coverage for Public Companies
Oct 20 2020 // Sompo International Holdings Ltd. has launched a new directors and officers liability insurance policy form for publicly-traded companies in the U.S. Sompo’s public D&O product is the latest addition to the...
BHSI Introduces D&O Liability, Professional Indemnity Policies in Dubai, Middle East
Oct 19 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has developed proprietary directors & officers (D&O) liability and professional indemnity (PI) policy wordings for customers in the UAE and throughout the...
AXIS Insurance Adds 4 Senior Underwriters to Management Liability Team
Oct 7 2020 // Specialty insurer AXIS Insurance has hired four experienced underwriters to its U.S. Management Liability team. Christina Segreti, Drew Kushnick, Matthew Holzinger and Sherry Alexakis have joined AXIS as senior...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More
Oct 7 2020 // The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of...
D&O Pressured But Insurers Big Enough to Handle: Fitch
Oct 5 2020 // As claims related to the economic fallout from the pandemic emerge in the U.S. directors and officers (D&O) liability insurance segment, insurers can expect the claims to take several years to pay out and underwriting...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch
Sep 28 2020 // As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance segment, insurers can expect the claims to take several years to pay out and...
Beazley Beefs Up Executive Risk Team in U.S. with 6 More Recruits
Sep 22 2020 // Specialty insurer Beazley has expanded its underwriting and claims presence in the U.S. with new hires for its Executive Risk team that focuses on board-level risks facing businesses and their executives. Elizabeth...
Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli
Sep 15 2020 // Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has led the insurance...
Advisor Drops Opposition to Tesla Director After Change in D&O Insurance
Sep 3 2020 // Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla Inc.’s investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June. Glass...
Commercial Insurance Prices Up 19% in Q2: Marsh Index
Aug 24 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen. Average price increases were driven principally by increases in property insurance...
Directors & Officers’ Insurance Rates Surge on Fears of Coronavirus Litigation
Aug 11 2020 // Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation...
Average Commercial Insurance Prices Rose 19% in Q2: Marsh Index
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen. Average price increases were driven principally by increases in property insurance...
Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market Index released by broker and risk adviser Marsh. The increase, the largest since the...
