D&O market needs disciplined underwriting: Justin Keith
Ascot Group is watching the drop in directors’ & officers’ insurance pricing carefully but believes there are enough disciplined underwriters in the market to keep it stable, says underwriter Justin Keith.
Keith, who is chief underwriting officer for casualty/specialty for Ascot in Bermuda, told Bermuda:Re+ILS for Voices of Bermuda that pricing has fallen dramatically in the last year and Ascot will work closely with its clients as the January 1 renewal season approaches.
“In terms of limit, it seems to be holding for the most part,” he said. “But we’re hearing concerning things in terms of the rating environment. But it’s a big market. There are a lot of underwriters who seem to be managing this well.”