The public company D&O insurance market of late has been a roller-coaster ride for all participants—and the dramatic changes over the last five years, which we’ve documented in previous Looking Ahead Guides, continued into 2023. Woodruff Sawyer data shows that in the second half of 2021, 71% of public companies renewing the same year-over-year program experienced a price increase. A year later, that figure completely reversed, with 87% of public companies achieving a decrease in total cost on their renewal program. The soft market trend accelerated into 2023, with 91% of Woodruff Sawyer public company D&O clients renewing with cost decreases in the first half of 2023. Please see full Publication below for more information.
Source: Looking Ahead to 2024: A Guide for D&O Insurance Renewals [Report]