MPR Underwriting Updates
A ‘need’ is something that is necessary for an organism to live a healthy life, which, for as enthusiastic as we are about D&O insurance, is something of an ambitious claim.
At the Championship play off final in 2010, Blackpool FC sold 37,000 tickets for their game against Cardiff. Seven years later, in the League Two final against Exeter, only around 5,000 tickets were sold.
Once upon a time, deductibles were a common feature of Directors and Officers (‘D&O’) Liability policies. Typically reserved for larger or more challenging private risks, or those that were publicly listed, they faded from view as the soft market invaded every element of the contract.