Line of business: D&O Page 1 / 4
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- January 3 2025
Hong Kong-based MGA Hawkes Bay Underwriting resumes status as Lloyd’s coverholder
Resumption will enhance marine capacity to US$10 million, chief operating officer and head of marine specialty Manson Ma says.
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- December 17 2024
APAC finpro rates flat to 10% down in 2024: WTW
Asia Pacific saw 5-10% reductions for D&O and PI covers with crime staying flat and fund managers pricing flat or up to 10% down and cyber fluctuating within 5% in ANZ markets.
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- December 5 2024
D&O segment could see further volatility in 2025: Allianz
The overall market size will continue to retract, driven by rate erosion, smaller limits being purchased by customers, and very limited new opportunities given slow capital market activities.
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- November 1 2024
Opinion: Risks from rising ESG regulations looming threat for businesses
The D&O market is playing a watching brief as sanctions and litigation around ESG breaches and non-compliance play out.
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- September 17 2024
Hong Kong’s Asia Insurance buoyant on D&O as reforms unleash demand
The city's proposed corporate governance revamp and the newly launched RBC regime will open up opportunities for professional lines, and trigger industry consolidation as compliance costs mount, according to CEO Winnie Wong.
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- August 28 2024
Conduct exclusion wordings get scrutinised as Segantii’s insider dealing case unfolds
Ongoing criminal proceedings against one of Asia’s oldest hedge funds have highlighted the need for managers to constantly review policy coverage, limits and carriers' claims handling capability, according to financial lines underwriters.
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- August 13 2024
Newline continues Sydney expansion with Andrew Yeung hire
Yeung, who has been promoted to Australia head of D&O, will relocate to Sydney from Melbourne and work closely with Nick Beswick, head of professional indemnity.
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- July 25 2024
BHSI elevates Sharkey, Veanes to D&O managers for Northern and Southern Australia
Before their promotions, Sydney-based Michael Sharkey was underwriting manager for commercial lines while Hayden Veanes was underwriting manager for executive and professional lines.
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- July 17 2024
Opinion: Insurers in Asia need to heed shadow banking warning
Given the scale of the casualty offering which has been rolled out to financial institutions across Asia in recent years, it would be surprising if more fall-outs don’t emerge given the volatile nature of many of the risks assumed by the sector.
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- June 14 2024
Vero bolsters professional and financial lines team with four hires
Uma Singh, Cem Ulutas, Rob Lee and Shaun Thistlethwaite have joined the Australian carrier covering New South Wales and the Australian Capital Territory.
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- May 31 2024
London Australia Underwriting hires portfolio manager from Liberty Specialty Markets
With over 20 years of experience, Jamie Kennell-Webb has joined the MGA from Liberty Specialty Markets (Asia Pacific) where he held several senior roles.
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- May 7 2024
APAC markets moderating, loss-exposed lines remain challenging: Aon
Cat-exposed property across Asia saw limited capacity and renewal price increases but capacity for casualty remained abundant, leading to moderate market conditions, despite concerns of increasing exposures.
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- May 2 2024
Markel’s Australian finpro build out bets on ‘harder’ mid-market PI
The carrier aims to grow its onshore footprint in the professional indemnity market in the next two to three years with “a real spread of risks” and eventually expand its portfolio into other financial lines segments when markets turn.
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- April 19 2024
Boutique finpro brokerage PLI Brokers launches in Australia
The brokerage, founded by Melbourne-based managing director David Martin, will offer financial services and accounting professions products.
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- April 11 2024
Stability the goal as D&O market emerges from years of pricing volatility
While the directors & officers market in Asia Pacific remains as diverse as the markets in the region itself, there is a clear demand for certainty around pricing.
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- March 12 2024
Asia Pacific market increasingly bifurcated in Q4 2023: Aon
While nat cat exposed areas were hardening, financial Lines and mid-market property programs retained in domestic insurance markets were soft.
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- January 29 2024
Specialty MGA Fusion partners Antares, Beazley and Everest for SME finpro cover in Asia
The insurers will support Fusion's management liability, professional liability, and investment managers insurance offerings, as well as its standalone D&O liability insurance tailored for SMEs.
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- January 5 2024
Directors & officers seek cover as climate risks enter boardrooms
With mandatory ESG reporting deadlines fast approaching, there is growing demand for climate coverage as part of D&O policies, says Axa's Chelsea Jiang.
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- December 14 2023
APAC financial lines underwriters search for pockets of profitability in underserved niches
While the market in the region remains extremely soft, carriers are betting on mid-market and SME D&O accounts, commercial PI and cyber-blended policies.
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- December 12 2023
Opinion: Navigating difficult waters for the Asia D&O market
A robust commitment by the regulators to adopt a stricter approach to enforcement means that this is by no means and easy class of business to write in 2024.
