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News Focus - D&O rates continue to slide, as shown in Willis Index.
(From Reinsurance)
Directors' and Officers' (D&O) liability insurance rates in the London market were largely unaffected by insurance industry losses following last year's hurricanes Katrina, Rita and Wilma, according to the latest Willis Index for this coverage area for the first quarter of 2006.
The Willis Index depicting D&O coverage issues for the first quarter of 2006 revealed that rate increases on reinsurance treaties that were anticipated due to the severe 2005 North American hurricane season never materialised. In fact, rate reductions continued, although at a slower pace than in preceding quarters.
The Index for the fourth quarter of 2005 noted that year-end reinsurance renewals might impact the cost of D&O premiums ...
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