00:00:48 - What is the current state of the D&O insurance market
00:02:04 - How did we get to this point? and what actions can you take?
For businesses who require directors and officers (D&O) insurance, it will come as no surprise to hear that the current hardening of the D&O insurance market is unlike anything seen in decades.
For years, D&O was considered by many as a relatively inexpensive coverage with relatively low underwriting requirements. Things have certainly changed in recent years with premiums up, and in many cases, insurance cover limits have continued to tighten.
To shed some light on the current state of the D&O market and to get some insight into what might change for 2022, we spoke to Alex Wightman from GAWS of London who are a premier wholesale insurance intermediary based in the City of London.
By providing direct access to the London Insurance Market for a broad variety of businesses, Alex in role as head of their financial professional lines division, has first hand experience of the D&O market which he is able to share with us.
You can listen to Alex’s views on the short 3 minute video interview above.
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