Professional indemnity (PI)
Post magazine - 18 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Solicitors PI market: What now for solicitor PI?
The much-maligned Assigned Risk Pool may be set to close in September 2013, but the solicitors’ professional indemnity market still faces issues as 'aggressive' new entrants target the market. What does its future hold?
Aviva introduces two new products to e-trading platform
Aviva has added two commercial products to its expanding e-trading platform ‘Fast Trade’, in the form of minifleet and professional indemnity cover.
Miller bolsters D&O team
Miller has added Colin West and Andy Brett to its directors' and officers' team.
R K Harrison claims art dealers' PI first
R K Harrison Insurance Services, part of the employee-owned broker R K Harrison Group, has developed what it says is the first professional indemnity insurance policy for art market professionals.
RK Harrison unveils professional indemnity cover for art sector
R K Harrison Insurance Services has developed a professional indemnity insurance policy for art market professionals.
Legal indemnity and title insurer launches at Lloyd's
A new European provider of legal indemnity and title insurance has launched at Lloyd's.
Q&A with Lloyd's' Enrico Bertagna
Lloyd's Italy country manager Enrico Bertagna discusses the impact of recession, the country's growth sectors, and why he believes natural catastrophe provision in Italy needs a major overhaul.
New players in solicitors' professional indemnity market dampen down rates
New entrants to the solicitors' professional indemnity insurance market have kept rates competitively low for this year's 1 October renewal deadline, according to brokers.
Post magazine - 4 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Solicitors' risk pool applicants rise in 2012
The number of solicitors applying for professional indemnity cover via the assigned risks pool went up this year, according to initial figures released by the Solicitors Regulation Authority.
Lemma Insurance to be appointed with liquidator tomorrow
Gibraltar-based Lemma Insurance Company is expected to be appointed with a provisional liquidator tomorrow to wind up the business.
Post Top 100 UK Insurers Supplement: AM Best commentary - Flooding the market
A deluge of weather-related claims, coupled with low investment returns, continue to dampen non-life insurer performance albeit one buoyed by premium increases.
Aspen recruits former Hiscox head
Aspen Risk Management has appointed Lee Chelton, pictured, as head of regional professional indemnity.
Mitsui Sumitomo names new professional indemnity underwriter
Mitsui Sumitomo has promoted Stuart Wood, pictured, to class underwriter for professional indemnity in its professional lines operation.
Elite targets £3m premium with solicitors' PI proposition
Legal expenses provider and general insurer Elite Insurance has extended its specialist portfolio of services for the legal sector by launching professional indemnity insurance for solicitors.
Italy misses opportunity to open PI market with compulsory legislation delay
Italy has postponed the introduction of compulsory professional indemnity for professional bodies just days before implementation was due.
IT experts target six MGAs with new ‘shrink wrapped’ underwriting service
Insurance IT specialist Salmon has launched a new end-to-end underwriting service for managing general agent start-ups in a bid to make writing risk less “labour intensive”.
Marsh adds to solicitors’ PI team
Marsh has appointed John Kunzler to lead its UK regulated professions practice for England and Wales and promoted William Cooper to head of its England and Wales solicitors’ professional indemnity team.
Marsh issues solicitors' PI cover warning
Marsh has urged law firms to carefully consider their length of professional indemnity policies during the October renewal with a future influx of market entrants likely to drive down rates.
Pinsent Masons partner joins Plexus Law
A partner at Pinsent Masons has left the firm after 20 years to join the professional indemnity team of insurance law specialist Plexus Law.
Cooper Gay appoints new divisional director
Lloyd's broker Cooper Gay & Co has appointed Mike Fraser, pictured, as divisional director of the professional risks claims team.
Two-year solicitors' PI cover designed to ease ARP fears
Indemnity Risk Solutions is offering solicitors professional indemnity insurance policies that last two indemnity periods, as opposed to the one-year policies or two-year deals with numerous caveats available elsewhere in the market.
SRA to introduce rating disclosure change
The Solicitors Regulation Authority has agreed to a 'minor change' to the Qualifying Insurer's Agreement whereby insurers will have to disclose their credit ratings.