D&O costs on the rise in the wake of financial crisis

Boardroom directors feel undervalued

The Libor rate fixing scandal could result in billions of pounds worth of losses for insurers, according to an industry expert.

Insurers may be forced to pay out big figure sums on Directors and Officers (D&O) cover, which protects firms against shareholders suing for negligence.

D&O costs have risen dramatically as claims from the financial crisis continue to flood in.

Marsh’s head of management liability Matthew Rolph said: “Insurers are worried that if customers can prove that Libor manipulation has caused them a personal loss then their potential exposures may increase significantly.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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