Commercial Lines Insurance Market Update – First Quarter 2023

Woodruff Sawyer

The basic economic principle of supply and demand is the theme of the first quarter. The supply of capital is driving pricing behavior in all segments of the commercial lines market.

Let’s start with the directors and officers (D&O) market, where the free fall in premiums continued through the quarter. Given the record level of securities claim settlements in 2022 and the increase in derivative claims, the falling premiums seem to defy logic until one accounts for the number of new entrants in the D&O market in the last two years. The high D&O premiums of 2020 and 2021 attracted new capital. The number of new players coupled with a frozen IPO market has led to a lot of capital chasing a finite number of opportunities—the result is very favorable pricing conditions for D&O insurance buyers.

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Woodruff Sawyer

Woodruff Sawyer on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide