Not for the faint of heart.
It takes a brave underwriter to operate in the directors' and officers' market in the US. Vincent Vitkowsky and Jeanne Kohler look at the issues of allocation and aggregation that can make a bad situation worse.
The past few years have been turbulent for the (re)insurancemarkets.
For the directors' and officers' (D&O) market in particular, the collapse
of Enron and other high-profile corporate scandals have
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