D&O insurers of ASX companies have implemented remedial
underwriting strategies and continue to tread cautiously when
deploying capacity in an attempt to deliver a substantial uplift of
the Australian D&O premium and profit. Insurers are taking this
action in the face of on-going profitability issues originating
from the Australian securities class actions and other significant
claims activity.
WHAT YOU NEED TO KNOW
SIDE C cover provides cover for the company itself, as distinct
from its directors and officers, in relation to claims arising from
wrongful acts associated with the offer, sale or purchase or
trading of its shares or securities (i.e. shareholder class
actions).
WHAT HAS CAUSED THE D&O MARKET TO DETERIORATE
