2009 AIRMIC D&O Benchmark Survey for UK Companies

Do you sell or write Management Liability cover for UK companies? AIRMIC has partnered with Advisen to produce detailed aggregate data of D&O insurance programmes purchased by risk managers. This AIRMIC D&O Benchmark Survey is the first exercise of its kind ever in the UK with 277 AIRMIC member companies taking part. Purchase the full report for US$150 (approximately £95) via http://corner.advisen.com/reports_airmic.html.

The new survey of UK D&O shows that AIRMIC members are responding to an increasingly hostile shareholder litigation environment with substantial D&O programme limits. For example, about 25% of companies that responded said they bought £100 million or more D&O coverage. Also, those with exposures in the USA took bigger lines on average than the others.

Chemical, natural resources and pharmaceutical companies paid the highest estimated average annual D&O premiums (£13.2 million), though the figure was influenced significantly by one company that paid a very large premium. The financial services sector emerged as the second biggest spenders with an average of £12.4 million.

This new UK D&O survey was announced by AIRMIC, the Association of Insurance and Risk Managers, at the annual AIRMIC conference "Promoting the Risk Manager" runs at the Bournemouth International Centre June 16-17. AIRMIC represents Risk Managers and corporate insurance buyers, including 85% of FTSE 100 companies.

Purchase the full report for US$150 (approximately £95) via http://corner.advisen.com/reports_airmic.html.