Readers of this blog are well aware that the D&O insurance in the U.S. and the U.K. has been in a hard market since late 2018. The hard market has apparently affected D&O insurance conditions in other regions as well. According to a May 5, 2021 article on the NewDawnRisk website entitled “Where Next for D&O in the Middle East?” (here), written by Nicky Stokes, Head of Management Liability and Financial Institutions at NewDawnRisk, the current hard market conditions have also had an impact in the Middle East region as well. As a result of overall conditions in the global insurance market and a changing liability exposure environment, Middle Eastern D&O insurance buyers are also facing increased pricing, reduced insurer capacity, and an uncertain insurance landscape.
Continue Reading Changing Market for D&O in the Middle East