Take Out Entity Coverage: InsurersInternational Editor

The directors and officers marketplace has seen a tremendousupheaval as insurers have pulled out of the marketplace orsignificantly reduced their writings, while rates have risen andterms have tightened. But there are some signs that new capacity isreturning to the market.

Rates and retentions, which had gone belowprofitable benchmarks, are now starting to approach profitablebenchmarks indicating a substantial correction in the marketplace,said Brian Houghlin, vice president of the D&O underwritinggroup Allianz Insurance Company in Chicago. Allianz has moved intothe U.S. D&O market for large public companies.

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