As Patrick Boardman and Dean Pinto of insurance law firm Wotton + Kearney told Insurance Business readers in an article last year, company directors and officers have “ever-increasing duties and obligations resulting in ever-increasing liability exposure”.
According to Aon’s 1H 2016 Insurance Market Update, Australia has become the most likely jurisdiction outside of the United States in which a company will face significant class action litigation – a salient reminder of the need for company directors and officers to have comprehensive and up-to-date D&O liability protection.
Last year, it was the team at DUAL Australia who took out top marks for D&O in our Brokers and Underwriters survey and, this year, they’ve succeeded in achieving the same again. And, just as was the case in 2015, it’s a very clear first place finish for DUAL.
Taking the silver is first time Brokers on Underwriting Agencies medallist, Miramar Underwriting Agency. One broker respondent told Insurance Business that Miramar “always provides a competitive solution with the right product”.
Very closely following Miramar with bronze is Melbourne’s Solution Underwriting Agency. It’s the same medal the Solution team received for its D&O liability offering last year, and one of three medals earned in the inaugural survey.
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