Canadian Underwriter

Keyword
D&O


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Will fragile economy make it harder for brokers to sell D&O?

March 28, 2023 Philip Porado

A double-whammy of negative pricing shifts and claims uncertainty is hitting the Directors and Officers (D&O) insurance segment in the U.S., said a recent report from Fitch Ratings. It’s happening at a time when Canadian D&O lines are seeing some

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News BrokersCommercial LinesInsuranceMarkets / Coverages

What might cause the softening D&O market to stall?

March 8, 2023 Philip Porado

Hard markets may come and go, but they seemed to stick around longer for Directors and Officers (D&O) coverage than for some other P&C industry segments. As of last fall, though, D&O availability and affordability have been improving. After several

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Does your client need D&O or an ancillary coverage?

January 26, 2023 Philip Porado

While directors and officers (D&O) insurance is designed to cover individuals and corporate assets on the broadest threat level, certain exposures may require separate, dedicated policies focused on specific risks. When claim scenarios are investigated, it may become clear a

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News ClaimsCommercial LinesInsuranceLegalLegislation / RegulationMarkets / Coverages

How better boards may improve cannabis companies’ D&O options

January 6, 2023 Philip Porado

Improvements in capacity in the directors and officers (D&O) insurance space, combined with a rising quality of boards of directors membership, is making coverage for cannabis producers and distributors more accessible. “We’ve seen a real shift in the experience levels

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News BrokersCommercial LinesInsuranceMarkets / CoveragesMGAsRisk

The real reasons behind Canada’s softer D&O market

December 9, 2022 Philip Porado

“Expanded insurer appetite and competition in the primary space,” as well as new capacity in excess layers, helps explain a softening of Directors and Officers (D&O) insurance pricing and limits expansions in Canada, says a recent quarterly market insights report

Illustration of a side silhouette of an industrial, pollution filled face with a long pinocchio-like nose. A green mask filled with plants is in front of the nose.
News BrokersClimate ChangeInsuranceLegalLegislation / Regulation

How brokers can prevent D&O clients from getting burned for greenwashing

September 23, 2022 by Alyssa DiSabatino

Investors are increasingly pursuing companies for ‘greenwashing,’ referring to company directors who misrepresent their climate credentials or fail to act in accordance with their stated climate goals, says a financial services executive at Marsh Canada. Commercial brokers can help their

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News Insurance

Why cannabis companies are seeing lower D&O rates

February 22, 2022 Jason Contant

Pricing for cannabis-related directors and officers (D&O) insurance is trending downward, but only relative to the rest of the market, said an insurance brokerage executive. “When cannabis was first legalized in Canada, you had a handful of carriers that [offered]

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News Commercial LinesInsuranceLegal

Lawyers on boutique D&O: Don’t just take your broker’s word for it

February 16, 2022 by David Gambrill

For boutique D&O coverages, a law firm says companies should be bringing in a lawyer to look at the contract coverage and not just rely on the opinion of the insurance broker about coverage. This is particularly true in business

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News Insurance

Challenging market conditions remain for these two lines in Canada

February 10, 2022 by Jason Contant

Market conditions for cyber and directors’ and officers’ (D&O) lines of business remain challenging in Canada, according to Aon plc’s latest quarterly Global Market Insights Report. Aon’s report for the fourth quarter of 2021, released Wednesday, emphasizes how new forms

News Insurance

Fast pace of private equity investments means more insurance placements for portfolio companies

December 14, 2021 Jason Contant

Speed can equal success when a private equity firm is looking to acquire a company. But the rush to close a deal can also mean insurance gets put on the back burner. A private equity firm often buys a controlling

News Insurance

Institutional investors increasingly likely to divest on ESG grounds

December 6, 2021 Canadian Underwriter Staff

Like insurers, Canada’s institutional investors are examining how environmental, social and governance (ESG) factors weigh into their operational decisions. A new EY report on global institutional investors that includes Canada showed 74% are more likely to divest from companies with

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News Insurance

Stability, finally? What insurers and brokers can look forward to in 2022

November 12, 2021 Brooke Smith

Brokers and insurers may see some stabilization in the market in 2022. “We saw tremendous rate pressure, high operating ratios, and low ROIs in 2019 and 2020,” said Kevin Neiles, president, Western Canada and chief markets officer at Gallagher, during