WTW: GB D&O Market Update

This update sets out WTW's observations of the current market conditions for Directors’ and Officers’ insurance, offering expert insights into the impact this has on board directors, non-executive directors, and insurance buyers.

The article shows that the D&O market remains favourable for buyers in 2025, with many organisations securing lower premiums, improved terms and broader coverage—despite a recent rise in notifications. It highlights how boards can take advantage of current conditions while keeping an eye on early indicators of potential shifts later in the year.

Key points for NEDs and Boards include how:

• Most clients continued to achieve reduced D&O premiums in H1 2025, with strong insurer appetite.
• Enhanced DARCstar 2025 and updated Private Equity wording widely adopted, offering improved protection.
• Some organisations are using current pricing to increase their D&O limits, particularly those with smaller towers.
• Notifications have risen, though it is unclear whether these will convert into actual claims.
• Despite the uptick in notifications, insurers are still offering broad coverage and competitive terms, with only a possible moderation ahead.
• New WTW developments—including updated POSI and PensionStar wordings and a new Crime Quantified tool—support more informed risk decisions.

Learn More:

Access the full analysis, data visuals, and insights here.