Directors & Officers Liability Insurance
The prospect of a long, hard market is driving businesses to make more use of self-insurance instead of handing premium over to carriers.
Covid roiled the directors and officers insurance industry, accelerating the emergence of new risks in what was already a hardening market. ESG and SPAC IPO-related litigation have also seen a spike.
Some products have already peaked in terms of pricing, while others are still rising, said Jack Kuhn, president, Westfield Specialty.