Risk managers' concerns in this area also prompted the formation of an AIRMIC D&O task force last September to investigate ways of reducing costs and alternatives to insurance.
Delegates will have the opportunity today to hear an insurer's view when Dermot O'Donohoe, ceo of XL London Markets, and James Weatherstone, head and chief underwriting officer of XL's professional lines business in the UK, address some of the background to the changing international landscape of the D&O market. They will look at whether D&O rates really climbed so dramatically or whether there was simply a correction from a period of under pricing. They will also identify how claims trends, new legislative drivers and corporate governance issues have combined to force a fundamental shift in the D&O underwriting environment.
The lecture will provide guidance from an underwriter's viewpoint as to how risk managers can truly differentiate their D&O risk and an insight as to what really gives underwriters confidence when presented with a risk.
