Combined ratios north of 130 for directors and officersinsurance in the not-so-distant past haven't led underwriters toswear off the business, but they're picking their spots to try toturn a profit.
Still, it's no easy task, and 1,400 attendees at a D&Oseminar listening to insurance and reinsurance experts speakyesterday heard the panelists admit they may be fooling themselvesto think profits are possible.
Moderating the panel of underwriters at the ProfessionalLiability Underwriting Society D&O Annual Conference in NewYork, Chris Cavallaro, a broker with ARC Excess & Surplus inGarden City, N.Y., asked, "Why are you still in the business?"
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