Excess markets see growth; Bermuda's excess, D&O liability writers expect former rates.(AON Re Inc.; Chubb Corp.)

Business Insurance, November, 2000 by SOUTER, GAVIN

Following a lull in recent years, the excess liability and directors and officers liability markets in Bermuda are poised for a resurgence, insurers and brokers on the island say. As in many markets, liability insurers in Bermuda are predicting an end to the soft market. In most liability lines, rates have stopped dropping and, in some cases, are increasing.

And some policyholders are looking for higher limits and are turning to the large capacity in Bermuda to fill their programs. And because several of Bermuda's insurers have adopted occurrence policy forms over the past two years, they are attracting new business and expect to be well-positioned to draw even more when the market really begins to harden. Excess liability rates are firming for many accounts...

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