|[February 15, 2017]
A.M. BestTV: Directors and Officers Market Stands Up to Surge in Securities Litigation
In this A.M.BestTV episode, insurers at the PLUS Directors
and Officers (D&O) Liability Symposium in New York City said they saw
the highest number of securities-related lawsuits in 2016 since the
financial crisis, and added that the market remains soft with
competitive prices and plentiful availability. Click on http://www.ambest.com/v.asp?v=plus217
to view the entire program.
"It is a growing marketplace, but a competitive one," said Dan
Auslander, senior vice president, V3 Insurance Partners. "There are
certainly a number of carriers out there in this space. It is an area
that has grown over the past 10 to 15 years, continues to grow and
continues to create opportunities, for clients to address their risks
and carriers to provide product."
Brenda Shelly, managing director, Marsh, said the soft market is not
showing signs of a turnaround. "The D&O market has been soft for many
years and it continues to be soft, particularly in the commercial space.
There are pockets of tension, like in the private company space and the
non-profit space because of the breadth of coverage. It is still a
Laura Coppola, regional head of management liability commercial North
America, Allianz Global Corporate & Specialty, spotlighted
the level of litigation the D&O industry experienced in 2016. "The
industry finished 2016 with one of the highest levels of securities
class actions filed in the United States, since the post-credit crisis
era. It remains to be seen whether the levels seen in 2016 remain
To view full coverage of this symposium please, visit http://www.ambest.tv.
Other people that appear in this episode:
Kevin La Croix, attorney and executive vice president, RT ProExec, a
divisio of R-T Specialty, LLC.
Recent episodes of A.M.BestTV include:
Former AIG Chief Executive Officer Greenberg: I'm Disappointed in
the New York Attorney General's Press: In a wide-ranging briefing,
Maurice R. Greenberg, former head of American International Group,
Inc. and current head of C.V. Starr & Co., lashes out at a
statement by the New York Attorney General that Greenberg admitted to
participating in accounting fraud: http://www.ambest.com/v.asp?v=settlement217.
Insurers' Economic Environment Exhibits Hopeful Signs and Host of
Warnings: A.M. Best's Meg Mulry and Ann Modica review
trends in interest rates, taxation, fiscal policy, labor markets and
international trade relations that are shaping the economic
environment for insurers in 2017: http://www.ambest.com/v.asp?v=usoutlook217.
Insurance-Linked Securities Draw New Sponsors, Address New Risks:
Attendees at the Artemis Insurance-Linked Securities New York City
conference said, a growing range of insurers are placing risk with
capital markets. Meanwhile, technologists and investors are
identifying new risks that can be covered via capital market
Insurers See Opportunity In Reset of Trade Deals: Insurers say
the scrapping of the Trans-Pacific Partnership (TPP) trade deal and
the renegotiating of the North American Free Trade Agreement (NAFTA)
could mean more individualized arrangements between countries, but
also warn they are cautious about maintaining access to markets: http://www.ambest.com/v.asp?v=tpp217.
A.M.BestTV covers exclusive A.M. Best information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M.BestTV episodes at http://www.ambest.tv.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170215006125/en/
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