Most D&O buyers still got rate decreases at renewals: Report

Most directors and officers liability insurance buyers continued to pay less for coverage at mid-year renewals, according to a report released Friday by San Francisco-based broker Woodruff Sawyer & Co.

Approximately 70% of Woodruff Sawyer’s clients saw decreases in renewal premiums for their D&O program as of mid-2025, compared with 82% in the prior year’s first half, according to the report.

Among the 26% of clients who saw a rate increase, 33% experienced increases of less than 5% above their expiring premiums, said Woodruff Sawyer, a unit of Arthur J. Gallagher & Co.

“Despite carriers’ ongoing concerns that too much rate has come out of the market and pricing is too thin to be sustainable, clients continue to benefit from soft market conditions,” the report said.

Decreases continue to be seen “regardless of whether a client’s risk is modest or significant,” according to the report.