D&O (Directors and Officers) | Insurance Insider US

The July purchase has not been contested in bankruptcy filings.

The $100mn ABC tower led by Berkshire Hathaway Specialty remains under an automatic stay.

Court filings confirm previous reporting from this publication.

Several lines had price decreases, while growth in most sectors slowed from previous quarters.

London-based Tristram Prior will transfer to Bermuda to lead the line of business.

The policy includes a $200mn limit with an additional $100mn for side A coverage.

The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.

The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.

Next year will mark five consecutive years of insolvency increases.

A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.

The company announced four key leadership appointments on Wednesday.

Veradace claims the deal benefits Tiptree management at shareholder expense.

The chief executive said he doesn’t expect to see a price drop anytime soon.

Property insurance rates declined by 9%, the same as in the prior quarter.

Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.

The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.

The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.

Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.

Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.

The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.

The executive said the floor on D&O pricing is in sight.

The move will impact around $50mn of gross written premiums in total.

Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.

The professional lines market remains ‘challenging’ overall, however.

The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.

Pricing was “virtually flat” in the second quarter.

The broker has noted that double-digit reductions are increasingly available in property.

A growing divide in business courts could impact future D&O underwriting, sources said.

The insurer denies it is responsible for the actor’s legal fees.

The company also encouraged insurers and brokers to support the initiative.

The VC firm has been incorporated in Delaware since its founding in 2009.

At the year’s mid-point, there were 111 new SCAs filed in federal courts.

The executive has experience as both an attorney and a broker.

Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.

High general liability losses are cause for concern despite modest improvements in other lines.

Catastrophe losses in Q1 exceeded $50bn, the second highest on record.