R&M Adds UK D&O Report

Dublin-based Research and Markets has added a report on UK Directors and Officers Insurance 2007 to their offering.

R&M described the study as providing “a detailed discussion of the state of the UK directors and officers insurance market in 2006.” It includes estimates for market size and the market share of the main competitors and forecasts the growth of the market up to 2011.

The research firm noted: “It is estimated that the directors and officers insurance market in the UK was worth approximately £450 million ($885 million) in 2006 in gross written premiums (GWP). This suggests that the market remained largely static in 2006. This stagnation in growth was due to high levels of competition, which led to falling premium rates.

“Directors and officers insurance offers complex cover which is hard to standardize. Cover and pricing therefore needs to be reviewed on a case by case basis, making it useful for the insurer to sell through intermediaries, so that the broker can provide information on the case, allowing the insurer to price the risk and provide a bespoke service. Interviews with leading directors and officers insurance providers and brokers indicated that AIG, ACE and Chubb continued to dominate the market in 2006. Interview respondents listed AIG as the leading player in the market, followed by ACE and Chubb in second and third.”

For more information go to: http://www.researchandmarkets.com/reports/c58955; or contact: Laura Wood, Senior Manager, Research and Markets Fax: +353 1 4100 980 e-mail: press@researchandmarkets.com.