Line of business: D&O Page 2 / 5
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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.
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- November 7 2023
Asian insurance pricing hits financial lines headwinds, flattening cyber rates: Marsh
Except for a 2% growth in property, almost all other lines in APAC either remained flat or declined, according to Marsh Q3 global pricing index.
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- October 24 2023
BHSI promotes Sami Jaghbir to Queensland underwriting manager
Brisbane-based Jaghbir will develop the carrier's regional market presence across all business lines, reporting to Mark Lingafelter, president of Australasia.
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- September 5 2023
BHSI Australia appoints Hayden Veanes as underwriting manager for professional lines
Melbourne-based Veanes was most recently senior underwriter with the company, specialising in directors & office and financial institutions.
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- August 15 2023
Aon promotes Harry Edwards to Asia regional director for intellectual property solutions
Singapore-based Edwards will lead the D&O strategy and team in the region, responsible for placing APAC and US exposed management liability insurance programmes into the London market.
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- August 9 2023
MGA Delta Insurance hires D&O specialist
Glenn Dawson is based in Auckland and will assume the role of senior underwriter and D&O product manager.
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- August 1 2023
Asia saw ‘double-digit’ D&O price decreases in Q2 as cyber rose 8%: Marsh
Composite insurance pricing in the region was flat as hikes in property and cyber were offset by a decline in casualty and financial and professional lines rates.
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- June 12 2023
Mitsubishi D&O cover in the spotlight as lawsuit looms against securities arm
The fallout of Credit Suisse's demise will have wider repercussions as the cover placed locally would have been facultatively reinsured in the international markets.
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- June 9 2023
Beazley, Markel and Newline launch Asia D&O pool
The Lloyd's pool will have US$30m capacity per risk and a single contact for claim management.
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- May 8 2023
Asian D&O prices mirror global softening as capacity, competition grows
Rates may continue to moderate in the coming months but economic headwinds and regulatory changes in the region may warrant another correction.
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- April 4 2023
Marsh launches ESG ratings for Asia D&O covers
Capacity providers, which include Beazley, will offer preferred terms and conditions to companies that meet minimum criteria based on the risk score.
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- September 27 2022
Rising D&O claims in Hong Kong may spur market correction
The 'ever-present' US class actions risk piling pressure on policies written for dual-listed companies.
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- September 6 2022
Rising litigation funding drives higher claims costs in Australia
Social inflation remains far harder to predict than economic inflation.
