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Risks pile higher in financial lines: Gallagher

January 20, 2021

Insurers are wary of emerging financial lines risks and are approaching directors’ and officers’ (D&O) and management liability renewals as if a fiscal cliff is imminent, Gallagher says.

The financial lines market has become an increasingly difficult area of insurance over the past 12 months, building on existing stresses.

“Financial lines premium increases have soared in recent years, but we’re fast approaching a viability tipping point,” Gallagher says in a Business Insurance and Risk Market Update released for the Australian market late last year.

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