In The Management Liability Market in 2022 and a look ahead to 2023 the Financial Services Group at Aon recaps the public and private and nonprofit management liability marketplace in 2022. The discussion includes directors and officers (D&O), fiduciary, employment practices liability (EPL) and more. Expectations for notable trends, claims, capacity, coverage and rates for these lines of coverage in 2023 are also reviewed.

Last year, we were optimistic heading into 2022 but did not anticipate the immediate impact the changing D&O market would have on overall program decreases. Although competitive pressures created a favorable landscape for placing D&O risk in 2022, overall volatility and risk remained and remain in the system.

In 2023, we anticipate many of the trends from 2022 to continue to impact the management liability marketplace. Factors impacting placements in 2023 include inflation, the conflict in Ukraine, and continued global economic uncertainty. Buyers should remain cautious as insurers and insureds evaluate the impact of macroeconomic factors on their business.

We hope you find this overview valuable for your 2023 renewal cycle.

Contact

The report can be discussed with Financial Services Group professionals Timothy Fletcher and Kristin Kraeger.



Timothy Fletcher
CEO, Financial Services Group
Los Angeles





Kristin Kraeger
Managing Director, Financial Services Group
Boston