Posts Tagged ‘professional liability’



February 11th, 2019

Cybersecurity, Strategic and Financial Risks to Dominate Risk Landscape

Posted at 1:00 AM ET

thumbnailAccording to nearly 400 treasury professionals surveyed, strategic and financial risks, along with cybersecurity, will dominate the risk landscape for the next 18-36 months.

This finding from the 2019 AFP Risk Survey: The Evolving Treasury Ecosystem highlights the challenges facing finance and treasury professionals as they help their organizations navigate the deep disruption occurring across all economic sectors. Continue reading…

January 30th, 2019

The Evolving Directors and Officers Market – Part II

Posted at 1:00 AM ET

Directors and officers (D&O) liability insurers are expected to remain willing to walk away from business or reduce capacity, if they are not getting the pricing they need, according to the report, The US Financial and Professional Lines Market in 2019: Our Top 10 List.

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January 29th, 2019

The Evolving Directors and Officers Market – Part I

Posted at 1:00 AM ET

In the third quarter of 2018, primary and total program pricing for directors and officers (D&O) liability insurance increased for the third consecutive quarter, indicates the report, The US Financial and Professional Lines Market in 2019: Our Top 10 List, produced by Guy Carpenter’s affiliate, Marsh.

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January 16th, 2019

Top Financial and Professional Lines Risks in 2019

Posted at 1:00 AM ET

The U.S. market for financial and professional insurance coverage saw a number of challenges in 2018, including new privacy regulations, an increase in workplace sexual harassment claims as the #MeToo movement continued to gain traction, and more securities litigation activity, says a report by Guy Carpenter’s sister company, Marsh. Continue reading…

November 9th, 2017

For MPL, Market Softening Continues in 2016—Signs of Pressure Emerge

Posted at 4:00 AM ET

Steve Underdal, Managing Director; Greg Bliss, Managing Director; Matt Walter, Senior Vice President and Blake Berman, Senior Vice President

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Since 2010, the medical professional liability (MPL) industry has been navigating a soft market, with declining profitability, diminished investment gains and rising accident year operating ratios. Yet, reserve redundancies have kept calendar year combined ratios below 100 percent, allowing carriers to pay dividends to policyholders while maintaining favorable returns on equity. Recent trends in the MPL insurance industry, including more aggressive competition among carriers and a leveling off of frequency trends, are driving accident year combined ratios higher. Without the continued tailwind of favorable reserve development, current market rates could prove unsustainable, driving market hardening in the coming years.

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February 15th, 2017

The U.S. Financial and Professional Insurance Market in 2017: 10 Trends to Watch

Posted at 1:00 AM ET

From cyber risk to the changing regulatory landscape to increasing liability challenges for directors and officers, risks continue to evolve within the financial and professional liability insurance marketplace. What’s in store in the year ahead? Continue reading…

August 11th, 2015

PA/MGA Commercial Lines Appetite

Posted at 1:00 AM ET

A line by line comparison of respondents’ appetites in the prior year’s survey with those of this year reveals some changes in emphasis. Workers compensation and medical malpractice experienced large growth in percent of respondents who were currently writing, looking for new growth or aggressively seeking growth. The property line grew by 6 percentage points to become only the second line, outside of general liability, where the majority of respondents say they are pursuing business. Inland marine, accident & health and professional liability for insurance agents showed significant declines in business pursuit. Overall, many of the lines saw drops in appetite or remained unchanged. It appears that current economic conditions and elevating loss ratios are keeping carriers’ growth expectations in commercial lines business relatively flat.

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July 9th, 2015

July 1 Renewals Reveal Price Declines Moderating Especially for US Wind-Exposed Programs

Posted at 1:00 AM ET

Guy Carpenter today released its July 1 Renewal Briefing  that shows price declines have continued to moderate, predominantly on programs covering US wind. Overall pricing was down again at the July renewal across virtually all geographies and lines of business. However, additional limit placed over the past few months is partially responsible for the stabilization of price declines, particularly for US property. Increased demand for reinsurance and expansion of tailored coverage persisted through the July renewal period from previous seasons.

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October 27th, 2014

Guy Carpenter Launches New Healthcare & Life Specialty Practice

Posted at 7:30 AM ET

Guy Carpenter today announced the launch of its new US Healthcare & Life Specialty Practice which will focus exclusively on the unique needs of health providers and insurers in this evolving segment. The practice will consist of a team of more than 50 health, healthcare and life broking professionals and actuaries dedicated to helping clients develop and implement strategies to best underwrite and manage the unique risks of this expanding and specialized market.

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