Professional indemnity (PI)
Barbican buys PI Protect MGA
Guernsey-headquartered Lloyd's insurer Barbican has bought Manchester managing general agency Professional Indemnity Protect.
Oxford and Collegiate agree two-year PI deal
Oxford Insurance Brokers has teamed up with Collegiate Underwriting to launch a two-year professional indemnity insurance deal.
Aon and Axa team up to provide PI policy to IFAs
Aon Risk Solution and Axa Commercial Lines bosses have finalized an exclusive agreement to provide professional indemnity insurance for independent financial advisors in the UK.
Flood insurance withdrawal could spark negligence claims against conveyancers
Professional indemnity insurers may face a barrage of claims from home buying advisers such as conveyancy lawyers and mortgage sellers when the ABI Statement of Principles on flood insurance ends.
LMG extends electronic approach
The London Market Group has extended its electronic endorsements initiative to all classes of business. Brokers can send all endorsements in every class electronically, and insurers will be able to respond to them.
Journey through the dark: the effect of ABS on solicitors' professional indemnity business
The effect of the arrival of alternative business structures on solicitors' professional indemnity business remains unclear, with no indication of what's at the end of the tunnel.
Post magazine – 8 March 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Lloyd's broker Paul Napier launches offshore financial services liability lines
Lloyd's broker Paul Napier has launched a suite of professional and financial lines products for the UK and international offshore financial services industry.
Academic calls for flood planners, developers and architects to be liable
A new academic paper has called for planners, developers and architects to be made "legally liable when they get it wrong and people are flooded" as a way of preventing further flood plain development.
Tawa backs new London broker
Insurance service provider and run-off investor Tawa is backing a new London-based commercial lines broker that launched today.
Post Blog: Redknapp, bad weather and PI policies
Alongside Harry Redknapp and adverse weather, the unlikely hot topic of aggregation clauses in professional indemnity policies is hotly debated in insurance circles.
QBE merges casualty, professional and financial lines
Business insurance specialist QBE is combining its casualty international and professional and financial lines teams to form a new division, from 27 February 2012.
Post Intelligence Benchmarking Financial and Professional Lines: Positive experience
The Insurance 360 Financial and Professional Lines report found standards to be high.
Directors' and officers': Under the spotlight
With boardrooms coming under increasing scrutiny, the potential for expansion in the D&O market is being recognised by savvy insurers, especially in the SME space.
Global tanker fleet hit by EU oil sanctions
New European Union sanctions on Iranian oil will impact around 95% of the global tanker fleet, including those operated by a major Bermuda shipping company, because they are insured under rules governed by European law.
Mergers & Acquisitions: Bucking the trend
As the market weighs up the value of assets such as Groupama and Brit’s UK arms, deal making by insurers appears to be buoyant, especially when compared to other industry sectors. But is this a trend that is set to continue?
Brit launches PI product on Power Place
Brit Insurance has launched its professional indemnity cover on Power Place, following last year’s decision to make its D&O product available on the online commercial marketplace.
Markel enters German market through joint Anglo venture
Markel International has signed a joint venture agreement with Anglo Underwriting and moved into Germany.
NHS contractors must have insurance
Baroness Finlay of Llandaff, professor of palliative care at Cardiff University, has warned the government must force private health contractors to have insurance against negligence claims.
Broking - Mergers & acquisitions: Do not disturb
2011 was a relatively sleepy year for merger & acquisition activity in the broker sector. Could 2012 be a wake-up call or will the market stay snoozing?
Prime grows Leeds office
Prime Professions, has appointed Michael Eardley, a new associate director in the Leeds office.
Travelers launches new PI products
Travelers has launched a new professional indemnity product offering aimed at the publishing and general media sectors.
Legal groups to fight Travelers PI refusal
The Law Society and the Solicitors Regulation Authority are to take on insurer Travelers over its aggregating of fraud claims and subsequent capping of a solicitors’ professional indemnity insurance policy.
ATE insurer Elite enters solicitors' PI market in dramatic u-turn
Legal expenses provider and after-the-event insurer Elite Insurance Company will be entering the solicitors’ professional indemnity insurance market this year in a dramatic u-turn to its position last year.