Management liability

Beazley slams “manifest injustice” of data breach cover denial suit from Cadwalader

Lloyd’s insurer Beazley has filed a brief arguing for the unsealing of a suit brought against the carrier by law firm Cadwalader Wickersham & Taft LLP, which alleges wrongful denial of coverage for costs related to a data breach in November 2022.

RPS’s Cho: New entrants helping slow down excess D&O rate hikes

The impact of the new capacity that has entered the D&O liability market is being felt in excess layers with a tempering of rate increases, Manny Cho of Risk Placement Services (RPS) has told The Insurer, but the new entrants have had less of an impact in the cyber market.

RPS: Public D&O market peaking following excess correction

Among the takeaways in a 2021 management and professional liability market outlook from Risk Placement Services (RPS) are the US public D&O market appears to be peaking, the number of bankruptcy exclusions in private D&O has exploded, and carriers are cutting back capacity in the relatively flat lawyers professional liability market.

IAT building out management liability unit for 2021 launch

US specialty insurer IAT Insurance Group is hiring an underwriting director and several other underwriting executives for its John Passaro-led management liability unit, as it looks to launch a suite of products and begin writing business at the start of Q2 next year, The Insurer can reveal.