Ace Europe challenges claims it is reducing D&O.

Ace Europe intends to increase its directors' and officers' underwriting by 50%, according to vice p...

Ace Europe intends to increase its directors' and officers'
underwriting by 50%, according to vice president of D&O Martin Firman.


Mr Firman denied that Ace will write less D&O insurance in future, despite
the fact the insurer is cutting its Lloyd's capacity by 27.5% in 2003.


He said: "We are moving business out of Lloyd's but that doesn't mean we
are writing less business. We just want to place it in the companies
market, rather than the antiquated Lloyd's system."


He added: "We have increased the