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As one of the few insurance markets that can still be construed as hard, D&O business has seen a recent resurgence from a period of high loss ratios in the Enron era, helped along by improved underwriting and pricing and a growing need for coverage by small, midsized and nonprofit businesses.

Earlier this year, Conning released its first in-depth study on the D&O market since 1987. Key findings include:

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