Axis: “Insufficient” pricing led to 27% reduction in PL portfolio as competition rises

Published: Tue 5 Sep 2023

Senior management at Axis Capital have said the steep drop off in public D&O pricing - along with a sharp fall in M&A activity - led professional liability gross premiums written (GPW) to fall 27 percent in the first quarter, with executives also describing “most” lines of business as “adequately” priced.