By Judy Greenwald for Business Insurance
Policyholders saw rate decreases of up to 35% in the July renewals for directors and officers liability risks, fueled by significant capacity in excess layers and increased competition, experts say.
Companies that had experienced the biggest increases over the past four years are getting the largest decreases, with limits that were cut during the hard market being restored and retentions lowered.
The softening market trend will continue at least through this year and into 2023, experts say.
Certain lines, however, remain problematic, including cyber; environmental, social and governance risks; and cryptocurrency-related lines, they say.
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