Reinsurers Open To E&O Opportunities,But Struggle With Employment Practices

With more frequent severe directors and officers liability claims reaching into the high excess layers of reinsurance treaties, are reinsurers moving business out of directors and officers and into other professional liability specialties?

In some cases, reinsurance treaties just cover D&O. More often, however, treaties might also include all management assurance coverages–fidelity, fiduciary, employment practices liability and D&O, and occasionally errors and omissions, said Sean Whelan, a managing director at Guy Carpenter and Company in New York. Where the coverages are all put under one treaty, the trends that have affected reinsurance prices and terms for D&O business are affecting the other lines as well, he said.

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