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20 September 2023Insurance

Lloyd’s: D&O derailed; it’s no longer just rate inadequacy

Underwriting in directors and officers (D&O) liability lines has gone from rate inadequacy to a full scale “moronic underwriting approach” that could leave select Lloyd’s syndicates under a supervisory microscope when capacity is next parcelled out, Patrick Tiernan, Lloyd’s chief of markets, warned syndicates during his Q3 market message.

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