U.S. D&O Losses Hit Lloyds Results London Editor


U.S. directors and officers business has been very egalitarian in the losses it has wreaked on underwritersno market has been left unscathed. Indeed, those underwriters that have limited their exposures to non-U.S. business have had much more favorable loss ratios.

The Lloyds experience demonstrates the situation aptly. Figures reveal a profitable book for D&O business written for companies with no U.S. exposure and quite the reverse for the U.S. book.

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