The general casualty business in the Asia Pacific region continues to develop in a highly competitive environment. The significant competition among local, regional and global players in the primary market led to insurance rate declines between 5 percent and 10 percent in 2011. The region is expected to remain competitive in 2012.
Posts Tagged ‘D O’
Directors & Officers
D&O reinsurance rates were flat slightly at the January 1, 2012, renewal, despite small rate increases on some primary and lower excess insurance layers in recent months. Pricing was more competitive on higher excess insurance layers and is down approximately 10 percent year over year. For 2012 modest price increases in primary and first excess insurance layers are likely, especially in light of rate changes over the past few months. Rate decreases on excess insurance layers will be smaller, resulting in a net flattening. Small and medium-sized businesses are likely to follow the same trajectory.
Regulatory changes feature profoundly in the reinsurance market in Argentina. As of September 2011, all reinsurance, effectively, must be ceded to “local” reinsurers. As a result, all treaties and most facultative covers with inception dates between September 2011 and December 2011 were canceled and rewritten to expire on June 30, 2011. Terms and conditions were maintained in this process and adjusted upward when there were adverse results.
Conclusion: Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, Fall 2011
A broad diversity of topics is investigated in our latest update:
Continental European Legislative and Judicial Trends: Directors and Officers (D&O) Liability Insurance: The Emerging Market in Poland
David Lewin, Managing Director
Directors and officers (D&O) insurance has grown steadily in popularity since it was introduced in Poland 15 years ago. Accompanied by a rise in risk-aware corporate leadership, D&O insurance has evolved from an unknown product in the mid-1990s to a near necessity during periods of economic instability.
Continental European Legislative and Judicial Trends: Dutch Insolvency Law and Directors & Officers Liability
The worldwide economic downturn has had a huge effect on the Dutch economy. Many companies in the Netherlands face the risk of bankruptcy. In 2009 almost 11,000 enterprises were declared bankrupt, an increase of more than 51 percent compared with 2008. A similar number of companies are expected to enter bankruptcy in 2010. An even greater number of companies will be affected as they become entwined with the insolvencies of their contractual counterparties.