Briefing: The professional indemnity stalemate
Professional indemnity has become a problem line for the market and the sectors it serves, with shrinking capacity and stricter underwriting terms in cases leaving professions feeling left out in the cold.
Lloyd’s decile 10 review, in which syndicates were asked to remediate or run-off the worst-performing 10% of business after the market suffered from heavy losses, drove a flurry of PI exits.
The
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