Facing increased competition and regulatory pressures, the U.S. D&O insurers receive a negative outlook with declining premiums and rising legal expenses.
Aon’s Timothy Fletcher counts loyalty as a primary value in assessing his professional relationships. He said his relationship with Aon is built on that foundation.
“Shareholder litigation is driving about 85% plus of the losses in the D&O world. It can also hit what we call E&O, on the financial institution side.”
A recent surge in book banning should have public libraries reviewing risk management and insurance practices with their brokers and other insurance personnel.
“The digital transformation of businesses has created new types of exposures while exacerbating existing ones. No longer are executive risks limited to the office; they now penetrate digital channels both in our work-from-home setup and our traditional workplace.”
SEC enforcement activity generally is trending upward. The agency reported that it filed 434 new enforcement actions in fiscal year 2021, representing a seven percent increase over the prior year.
A review of directors’ and officers’ coverage for companies operating internationally is a key consideration, according to a recent advisory from Chubb.