Directors & officers' (D&O)
Diary of an Insurer: MS Amlin's Kate Bandhu
Kate Bandhu, head of casualty claims at MS Amlin, stays connected with accounts, looks to expand the use of robots to new areas, and finds the best interactions are face-to-face.
Buyers demand greater stability and more forward thinking from insurers
While a softening commercial insurance market may be welcome news to corporate insurance buyers, rate instability leaves insurers’ credibility at risk, Marsh head of risk management placement Cat French has told Post.
Redefining risk with Martyn’s Law
Paul Tarne, partner at law firm Weightmans, explains how landmark counterterrorism legislation Martyn’s Law will affect insurers.
Aviva revamps financial lines management and pushes into Scotland
Aviva has announced several new hires in its financial lines team, including underwriters that expand its presence into Scotland.
Rokstone’s D&O head says there is less ‘moronic’ underwriting
Directors’ and officers’ insurance rates are set to flatten in the next 12 months, according to Jimmy Heaton, head of D&O for UK & Europe at Rokstone, who added there is now less moronic underwriting going on in the market than there was at the end of…
Q&A: Hannah Tindal, Allianz
Hannah Tindal, Allianz’s head of directors and officers in London, talks about how the insurer is dealing with risks highlighted by the Allianz Risk Barometer from a liability perspective.
Concern over workplace and political risks rises in the UK ahead of global trends
UK risk professionals are more likely to see the shortage of skilled workers, political risks and risks associated with new technologies as pressing concerns than their global peers, according to the Allianz Risk Barometer.
Zurich ‘on the defence’ in shifting commercial lines market
Frank Streidl, UK head of commercial insurance at Zurich, has said the insurer has had to “go on the defence” as competitors look to reshape and retool their commercial lines businesses.
Failure to prevent insurance fraud is now a crime
Kennedy’s partners Hannah Williams and Iskander Fernandez explains how the Economic Crime and Corporate Transparency Act's ‘failure to prevent’ offence will be a game-changer for directors and officers insurers.
Zurich warns of US-style litigation developments in Europe
Zurich has warned that, as a result of incoming EU regulation, Europe could soon become more of a litigation environment, akin to that which exists in the US.
Lloyd’s D&O book expected to shrink
Directors’ and officers’ insurance is set to contract as a class of business at Lloyd’s next year, as the market keeps up its strong messaging on what it expects of underwriters.
Government to launch Martyn’s Law consultation after Christmas
The government will launch a consultation on proposed counterterrorism measures that smaller premises will have to take as soon as possible, according to a Home Office official.
Gallagher Re warns of climate litigation risk to liability books
Liability insurers must take of the rising tide of climate litigation, which could present a massive – albeit uncertain – exposure to multiple portfolios, Gallagher Re has warned.
Lloyd’s chief takes aim at ‘moronic’ D&O underwriting
Lloyd’s chief of markets Patrick Tiernan has said he does not want to be forced to remediate a “shambolic” directors' and officers' insurance market, and instead expects to see a “voluntary pullback” from underwriting that has caused concern among market…
View from the top: MS Amlin’s Martin Burke on the future of underwriting
Martin Burke, director of underwriting performance at MS Amlin, reflects on the market in 2023 and outlines the three considerations that will define how the future generation of underwriters supports clients and brokers through economically challenging…
D&O insurers could favour long-term agreements in search of pricing stability
Insurers and buyers of directors and officers’ insurance could look to strike long-term agreements to lock in current rates, as both search for pricing stability.
Is litigation liability insurance now essential for executives?
As periods of financial distress can often lead to increased instances of non-performance of contract obligations, Edmund Tirbutt examines whether litigation liability insurance could be set for a boom.
How a Supreme Court ruling could cause surge in claims against directors
Ben Gold, partner in RPC’s professional and financial risk team, explains how a recent Supreme Court case (BTI v Sequana) confirms company directors owe a duty to creditors if the company nears balance sheet or cash flow insolvency.
Industry lacks a ‘credible understanding of terrorism in the UK’
The insurance industry needs to brush up on its understanding of terrorism risk ahead of the expected passage of Martyn’s Law next spring, Pool Re has said.
Best Lloyd’s underwriting result in years not enough to prevent pre-tax loss
Lloyd’s has posted a pre-tax loss of £769m for 2022, despite achieving its strongest underwriting result since 2015.
Climate litigation on the rise as Shell is sued
Kennedy’s partner Alex Nurse expects climate litigation to be on the rise as Shell is facing a legal battle filed by shareholders for its failure to adopt and implement an energy transition that aligns with the Paris Agreement.