’D&O Echo provides clients globally with substantial capacity without being over-exposed to a single insurer,’ says UK management liability leaderMarsh has extended its Echo facility to offer clients up to £59m ($75m) in excess directors’ and officers’ (D&O) liability insurance (D&O) coverage. The broker’s D&O facility will be made available globally to clients in various industries, including within financial institutions. It will offer up to £59m ($75m) in excess D&O insurance coverage for UK clients and £32m ($40m) for US clients. This will allow clients to obtain substantial capacity without the necessity to “stack” multiple layers of coverage from various insurers. However, clients ”remain concerned that another correction in underwriting sentiment, could result in reduced capacity, substantial increases, and claims complications,” said Manson

Source: The Times February 15, 2024 02:26 UTC