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Underwriters Weigh InTM Survey
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BONUS QUESTIONS
What do you wish you could tell D&O insurance buyers about 2026?
We are at the stage in the cycle where Wile E. Coyote has run off the cliff but hasn’t fallen yet.... The issue that buyers will face in the near future will not be in the lower layers but the higher layers. As carriers pull out of the market due to losses or a lack of critical mass, the price to get carriers to step in will be substantial.
Carriers that quote cheap today will be out of the market in a couple years. Who do you want handling your claim—a stalwart or a fair-weather player?
If you want to avoid uncomfortable budget conversations in 3 to 5 years’ time, then celebrate a flat D&O renewal in 2026!
Carriers that price badly pay claims badly. If you lower the quality of your tower to save on premium, are you confident these carriers will be around to pay your claim in 5 years?
Clients often say that they are performing well, so their premium should go down. We don’t underwrite the last 12 months; we underwrite the next 12 months. And if you have been doing well, your market cap is likely greater, and so your risk is also greater.
2026 should be an interesting year as we see how the reinsurance negotiations could impact some of our more aggressive competitors.
At current rates, public D&O is not a profitable business.
Carriers got their pound of flesh in the hard market and D&O buyers understandably responded with lack of loyalty in the soft market. Both carriers and buyers need to meet in the middle and return to a sustainable relationship mindset so we can weather the current uncertain environment (policy, geopolitical, macroeconomic, etc.) together.
