Best Read Directors Officers Headlines
Headlines from our Directors Officers Topic Page with the most time spent reading.
#1 As Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage
Oct 4 2023 // Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment...
#2 FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit
Nov 9 2023 // Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried dropped an insurance coverage lawsuit against excess insurance company Continental Casualty Co. Shortly...
#3 Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door
Dec 14 2023 // While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with...
#4 AIG Continues to Take Cautious Approach to Excess D&O in North America
Nov 3 2023 // Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company’s chief executive said financial lines offset...
#5 Markets/Coverages: McGill and Partners Launches Coverage for Corporate Insolvency as D&O Policy Extension
Nov 20 2023 // McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors...
#6 Real Estate Firm’s D&O Not Available for Defense in RealPage Antitrust Lawsuit
Sep 17 2024 // A property management firm’s excess insurers are not obligated to defend it in multi-district price-fixing litigation involving use of the real estate software RealPage. A federal district judge in Massachusetts...
#7 Top Insurance Journal D&O Stories of 2023
Dec 28 2023 // Million-dollar court cases, expert predictions and in-depth market analysis — Insurance Journal’s top-read directors and officers insurance stories in 2023 scrutinized notable national headlines through a D&O...
#8 US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch
Apr 4 2024 // The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according to Fitch Ratings in a report. Fitch attributed this reality to...
#9 Materiality Matters: D&O Insurers Seek Clarity On SEC Disclosure Rules
Apr 15 2024 // The U.S. Securities and Exchange Commission adopted final rules almost a year ago in July 2023 requiring public companies to disclose both material cybersecurity incidents and material information regarding their...
#10 Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’
Nov 14 2023 // Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity...
#11 D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer
Sep 16 2024 // It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of renewals seeing flat or price increases for the first time in 18 months. Though 83% of its clients...
#12 Skeptical AM Best Tags US D&O Segment With Negative Outlook
Mar 4 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...
#13 A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best
Jun 21 2024 // The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report...
#14 D&O Risks to Consider When Exploring the New Frontier of Gen AI
Apr 15 2024 // Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is...
#15 Insurance Technology: Aon Tool Analyzes and Quantifies Potential D&O Losses
Aug 22 2024 // Corporate risk managers looking to gauge the likelihood that their directors and officers will be sued and how much that might cost have a new digital tool to help them. Global insurance broker Aon has launched its...
#16 Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity
Feb 14 2024 // Insurance broker Marsh announced that its D&O Echo facility is now offering clients with enhanced directors and officers insurance protection, in order to provide greater financial stability amid continued volatile...
#17 Public D&O Price Decreased 5.2% in Second Quarter, Says Aon
Jul 30 2024 // The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions. Aon said the decrease compared to the same...
#18 Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O
Jun 25 2024 // Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s Side A DIC solution was created for clients that have been unable to...
#19 Public D&O Price Decreased 5.2% in Second Quarter, Says Aon
Aug 19 2024 // The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions. Aon said the decrease compared to the same...
#20 Markets/Coverages: AXA XL’s Bermuda Professional Lines Team Enhances D&O Policy
Apr 11 2024 // AXA XL’s Bermuda Professional Lines Team has launched a new lead difference-in-conditions (DIC) directors and officers liability policy. “AXA XL is one of the largest D&O insurers in the North American...
