Directors & officers' (D&O)
XL launches five-strong product suite
The XL Group has today launched a suite of five products designed partly to respond directly to clients' concerns about clarity and certainty in the claims notification process.
O’Donnell replaces Robinson as Ace financial lines head
Timothy O'Donnell has been appointed executive vice president of financial lines for Ace's international insurance operations.
QBE wins Gallagher deal
QBE Europe has been appointed to underwrite public sector business for AJ Gallagher subsidiary RMP from 1 July.
MUM enters international market
Broker-only managing general agent Manchester Underwriting Management is entering the international market.
XN Financial gets FSA green light for UK
Florida firm XN Holdings has secured Financial Services Authority approval for its UK subsidiary XN Financial Services to write insurance in the UK.
Property rates to keep rising in the short term
Despite the absence of a major natural catastrophe in the first quarter, rates rose for catastrophe and non-catastrophe exposed risks in most geographies, according to a Marsh report.
XL Bermuda boosts D&O risks covered
XL Insurance (Bermuda) has boosted it D&O cover to pay for independent directors’ defence costs in the US under Sarbanes-Oxley and Dodd-Frank and the UK Bribery Act.
Lloyd's broker Paul Napier launches offshore financial services liability lines
Lloyd's broker Paul Napier has launched a suite of professional and financial lines products for the UK and international offshore financial services industry.
Argo Group launches first insurance SE in Malta
Argo Group International Holdings has formed a new insurance company in Malta - Argo Global SE – the first insurance Societas Europeas (SE) established in the country.
Reduced capacity in Asia will not affect all business lines
Despite catastrophe losses leading to reduced capacity in the Asia Pacific region, competitive rates are still possible on some lines, according to broker Marsh.
Directors' and officers': Under the spotlight
With boardrooms coming under increasing scrutiny, the potential for expansion in the D&O market is being recognised by savvy insurers, especially in the SME space.
Brit launches PI product on Power Place
Brit Insurance has launched its professional indemnity cover on Power Place, following last year’s decision to make its D&O product available on the online commercial marketplace.
DAC Beachcroft expands in Spain and Singapore
DAC Beachcroft has made appointments in its Spanish and Singapore offices to expand its international network.
Post Intelligence Benchmarking - Commercial insurers: Winners and losers
The annual Insurance 360 Business Insurers Insight Report service rankings show some steady, some on ladders - and some on snakes.
Regulatory enquiries tops list of directors' concerns
Company directors are beginning to face intensified liability risks in the wake of the ongoing economic crisis, with regulatory investigations and enquiries posing the greatest perceived threat to insurers.
Overseas focus - China: a market of opportunity?
With an enormous population and low insurance penetration, China should be a market ripe for entering. Jakki May finds out it isn't as simple as it sounds but reveals an appetite for change and growth.
Health & safety: A matter of interpretation
Health and safety reform is high on the government’s agenda, but is the problem with application rather than legislation?
Dual extends D&O through Lloyd’s
Specialist underwriting agency DUAL Corporate Risks has entered into a strategic partnership with Aspen Managing Agency (Syndicate 4711) and Pembroke Managing Agency (Syndicate 4000) to provide additional capacity for directors' & officers' liability.
Roundtable - Global programme: Building successful global programmes
Delivering tailored coverage around the world is a boon for multinational insurers. However, keeping up with regulatory demands, both internationally and locally, can be be a strain. Post gathered a group of experts to debate the most pressing issues.
XL launches D&O cover for 21st Century
XL Group has introduced new policy wording designed to protect directors and officer from 21st Century risks.
Markel recruits from Willis to strengthen Italian PI and D&O book
Markel has appointed Davide Balocco as senior underwriter in professional liability division to focus on its Italian book.
LIU Europe opens Hamburg branch
Liberty International Underwriters has opened a new branch in Hamburg, Germany as it seeks to become a competitive, niche player in the region.
Axis launches liability unit in Argentina
Loss adjusting network Axis has launched a liability claims units in Argentina to provide dedicated specialist support to local carriers and the international reinsurers.
Career development news: Ace to sponsor D&O product workshop
Ace is set to sponsor a free educational workshop aimed at helping educate brokers about directors’ and officers’ liabilities products.