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Nasdaq-listed companies see average 20% D&O premium hike: Report


Companies on the Nasdaq Inc. exchange experienced average directors and officers liability insurance premium increases of 20% last year, according to a report released Monday by Tampa, Florida-based BRP Group Inc.

BRP surveyed 335 Nasdaq-listed companies for the report, documenting their total limits, structure, retention, premium and insurers.

Mike Tomasulo, BRP managing partner and national management liability practice leader, said in a statement, “We have seen the greatest disruption in the marketplace” for initial public offerings, with the data showing that, on average, premiums are 3.2 times higher for companies that have gone public in the past three years than for those that have not.

Among other survey findings: Fewer than 7% of companies reduced their limits; nearly 87% purchased some A-side coverage; and 14% had rate increases of more than 50% at their last renewal.

According to the report’s executive summary, the average total limit among the 335 companies was $42.3 million, and the median was $35 million. The average retention was $4 million, with a median retention of $2.5 million.



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