Directors and Officers Liability Insurance Update for the Energy Market
Our directors and officers liability (D&O) insurance update focuses on recent trends, COVID-19's impact, and D&O-related challenges that will affect the energy sector.
Over the past year, the local and international D&O market has dramatically contracted, with the London market showing signs of change as early as mid-2018. The London market has traditionally been a long-term global D&O marketplace for international energy companies, with attractive capacity and innovative products.
Currently, the D&O market is characterised by rising rates, contracting capacity, and increasing claims frequency and severity. It shows no signs of easing in 2020 or early 2021.
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