Directors and Officers Index from Willis

Willis has revealed that, in contrast to the Summer 2006 publication of the Willis Directors and Officers Index, response to the third quarter’s survey has shown early signs of a stabilisation in premium rates ahead. After well over two years of declining rates across the board, this may come as no surprise, although over the last year the actual reported rate of decline in rates has generally exceeded the market’s predictions in every quarter, suggesting that the insurers’ hoped-for stabilisation of premiums has not been realised.