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 bosses.
The D&O market has garnered attention in recent years due to pronounced reductions in rate even as the risks facing company directors remain as pronounced as ever.
Earlier this month, Lloyd’s CEO
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