California-based ABD Insurance & Financial Services is once again the leading directors and officers liability insurance broker in the United States, according to the 2005 Tillinghast-Towers Perrin D&O Survey.
ABD achieved a 24.2 percent market share as the primary retail broker for the accounts surveyed — finishing ahead of its nearest competitor by nearly five percent. A provider of global insurance, risk management and employee benefits solutions, ABD has been ranked by Tillinghast as one of the country’s top three D&O brokers for each of the past six years.
ABD placed number one in a majority of the business classes covered in the survey and is ranked among the top three brokers in all but two of the classifications (durable goods and utilities).
The Technology and Biotech & Pharmaceutical sectors are among the largest industry segments represented in the survey — and are particular areas of emphasis and expertise for Silicon Valley-based ABD, which has a practice specializing in information technology, biotechnology, medical device and healthcare companies.
The annual Tillinghast-Towers Perrin Survey presents market share for retail brokers based on the number of accounts for which they serve as primary D&O broker. There were 2,645 U.S. participants in the 2005 survey, covering 15 major industry classifications.
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