Carpenter Moore Ranks #1 in D&O Survey

Carpenter Moore has been ranked the No. 1 directors and officers (D&O) insurance broker for public companies and William Gallagher Associates has been named the No. 1 D&O insurance broker for private companies. This year’s 2007 Towers Perrin's Directors and Officers Liability Survey included responses from a record 2,927 U.S. participants.

According to the report, the leading brokers by ownership were as follows:

Private Insurer Sector:

1. William Gallagher Associates – 32 percent
2. Woodruff-Sawyer & Company – 31 percent
3. ABD Insurance and Financial Services – 21 percent
4. Armfield Harrison & Thomas – 13 percent

Public Insurer Sector:

1. Carpenter Moore – 31 percent
2. Woodruff-Sawyer Company – 30 percent
3. William Gallagher Associates – 20 percent
4. ABD Insurance and Financial Services – 12 percent

Nonprofit Insurer Sector:

1. Armfield Harrison & Thomas – 61 percent
2. ABD Insurance and Financial Services – 26 percent
3. William Gallagher Associates – 5 percent

The D&O broker rankings saw changes from 2006's survey. Woodruff-Sawyer ranked number three in 2006, and now ranks number one with a 707 policy count and 24 percent of policies written.

William Gallagher Associates retained its number two ranking with a total of 656 policies and 22 percent of survey participants.

Armfield Harrison & Thomas retained its spot at number three with 650 policies representing 22 percent of participants. ABD Insurance, ranked first last year, is now in fourth position with 454 policies and 19 percent of participants.

The survey profiled companies on the basis of the following characteristics:

• Size, as represented by total assets and revenue
• Business class
• Ownership
• Number of full-time employees
• Number of board members
• International operations