Latest Directors Officers Headlines

All the headlines from our Directors Officers Topic Page, ordered by recency.

Seller’s Market to Deliver Biggest Commercial Rate Hikes in Years

Dec 2 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.While...

BHSI Taps Warrior, Formerly with Hiscox, as Head of D&O Underwriting, UK & Ireland

Nov 26 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has expanded its European team with the addition of Chris Warrior as head of directors’ & officers’ liability underwriting for UK &...

For 2020, Expect Biggest Commercial Insurance Hikes in Years: Willis Towers Watson

Nov 15 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.While...

Ascot Launches U.S. Management Liability and Financial Institutions Unit

Nov 5 2019 // Ascot is launching a Management Liability and Financial Institutions group, led by Ryan Becker as executive vice president.The new group will offer a wide range of admitted and non-admitted, primary and excess directors...

Beazley Appoints Turk to Lead Corporate Development as Goodman Retires

Oct 11 2019 // Beazley has appointed Rachel Turk as head of corporate development, effective immediately, following the retirement of Mark Goodman.Turk joined Beazley in January 2009 as an analyst in the management liability team before...

Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch

Sep 25 2019 // After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and restoring profitability, according to Fitch Ratings, after several years of flat premium...

Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles

Sep 17 2019 // Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product...

Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts

Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference.Speaking at the Keefe, Bruyette & Woods Insurance...

Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2

Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...

With New, Legal Cannabis Industries, Illinois and Missouri Can Learn from Pioneer States

Aug 30 2019 // As Illinois and Missouri undertake the process of licensing businesses in their newly legalized cannabis industries — recreational in Illinois and medical in Missouri — they have the advantage of taking what has worked...

AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Plans Operational Overhaul

Aug 13 2019 // AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer’s ongoing efforts to shed excessively risky business.He also announced that AIG...

BHSI Enhances Executive First D&O Liability Insurance in Asia

Aug 13 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to include a provision that reinstates policy limits exhausted by...

Mnuchin, Lampert Want Sears D&O Policy to Pay Their Legal Fees

Aug 12 2019 // Almost four months ago, the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin over allegedly wrongful transfers of $2 billion in company assets. Now lawyers representing...

D&O Insurance Costs Soar as Investors Run to Court Over IPOs

Jun 18 2019 // Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors.A rise in securities...

Commercial Insurance Prices Up Again in Q1; Auto, D&O Lead the Pack

Jun 17 2019 // Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson.The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey...

Most U.S. Commercial Insurance Prices Rose Again in Q1; Auto, D&O Lead the Pack

Jun 11 2019 // Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson.The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey...

Kaufman Dolowich & Voluck Hires Stroili in New York City

May 21 2019 // Kaufman Dolowich & Voluck LLP (KDV), a national law firm, has hired Peter A. Stroili as an insurance coverage partner in its New York City office.Stroili has 30 years of experience in insurance coverage, professional...

Sompo International Taps Pützer from Amlin as Head of Financial Lines in Germany

May 21 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines...

Commercial Insurance Prices Were Up 3% Globally, 1.1% in U.S. in Q1: Marsh

May 16 2019 // Average global commercial insurance prices increased 3% in the first quarter of2019, according to broker Marsh.This represents the sixth consecutive quarter of average commercial insurance pricing increases, Marsh said in...

Venture Insurance Programs Partners with Allianz on Golf, Country Club Accounts

May 10 2019 // Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the...