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Zurich is understood to lead the aerospace company’s D&O programme, brokered by Aon.
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The broker has experience placing business for offshore law firms and trust companies.
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When looking at rate trends for large directors’ and officers’ (D&O) accounts, one could call the situation a tale of two markets.
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Inside P&C questions whether emerging pressures in medmal are receiving enough attention.
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The tussle over the financial lines broker comes amid rising competition for talent between rival insurance intermediaries.
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The downgrade comes following the carrier’s disclosure of impacts from a worsening tort environment.
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Shares of Travelers also fell by about 5 percent after the carrier reported its fourth quarter results on Thursday.
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The carrier expects to book a Q4 P&C loss ratio of between 134 percent and 148 percent.
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In its 2020 manifesto the association demands action to get the market segment moving.
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However, there's more to re-underwriting an excess book than price alone, Inside P&C analysts noted.
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Rate hikes imposed on three large corporate accounts had a major impact on the broker’s quarterly index.
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North American PL, international financial products and environmental liability latest shut-downs.