Rates in D&O liability market slidingPosted On: Mar. 28, 2023 9:53 AM CST
Nathan Mauriello, senior client executive - professional and executive risks at Australia-based Honan Insurance Group Pty. Ltd., said that rates in the directors and officers liability market have continued on a downwards trajectory, Asia Insurance Review reported. An increase in insurer appetite and capacity has mainly driven this and insurers are now offering renewal terms at expiring or reduced rates to defend their market share from new entrants.