Australia's D&O insurance market is growing with a rise in class action lawsuits funded by litigation funders, which could push corporations toward alternative methods of funding for defensive costs. Over Q1, the country saw an influx of class actions against major companies, causing a spike in D&O premiums which have already seen growth recently. ASX200 firms saw a median 122% increase in primary premiums in Q2 2019, following an 89% increase in May, said Aon - the largest growth since the 1980s. The upheaval stems from a rise in claims from shareholders concerning purchases and sales of securities.
Australia's D&O insurance market is growing with a rise in class action lawsuits funded by litigation funders, which could push corporations toward alternative methods of funding for defensive costs. Over May, the country saw an influx of class actions against major companies, causing a spike in D&O premiums which have already seen growth recently. ASX200 firms saw a median 122% increase in primary premiums in Q2 2019, following an 89% increase in Q1, said Aon - the largest growth since the 1980s. The upheaval stems from a rise in claims from shareholders concerning purchases and sales of securities.