Professional indemnity (PI)
Biba 2011: Biba renews professional indemnity accredited broker panel
The British Insurance Brokers' Association has renewed its professional indemnity accredited broker panel. Biba's three accredited brokers — Lockton Companies, Howden Insurance Brokers and Towergate Professional Indemnity — will continue to provide cover…
European PI insurance GWP could top €7bn
The professional indemnity insurance market across Europe could be worth up to €7bn (£6.1bn) by 2014, new research has revealed.
Solicitors’ Indemnity Mutual Insurance Association goes into run-off
SIMIA, the mutual insurance company for professional indemnity insurance above £1m to firms of solicitors based in England and Wales, has confirmed it is to cease taking on new business.
Interview - Tim Coles: up and at it
After serving in the army, Tim Coles, chief executive of Howden, found fresh excitement in the world of insurance. Mairi MacDonald talks to him about the company's unique attitude and his plans to grow the business further.
Hyperion aims for £200m target by 2014
The development of a general commercial retail broking operation in the UK will play a major role in Hyperion Group becoming a £200m business by September 2014.
Biba 2011: A round-up of all the conference news
With the British Insurance Brokers' Association conference underway in Manchester Post breaks the news as it happens.
Biba 2011: Catlin targets UK brokers with 'Select' and 'Online'
Catlin has today unveiled a brand new suite of products aimed specifically at UK brokers.
Biba 2011: Trade body renews PI deal and teams up with Jelf
The British Insurance Brokers' Association has renewed its professional indemnity accredited broker panel, and launched a new private medical insurance offering.
Editor's comment: tying the knot
The rest of the world may remain obsessed by romance or reactionaries but the UK insurance industry has unveiled its own all-consuming love affair this week. Acquisitions abound in the headlines and bullish talk is nothing short of bountiful.
Howden boosts GWP by 45% with PYV buy
Howden Broking Group has grown its gross written premium on its professional indemnity and directors’ & officers’ liability books in the UK from £35m to just over £50m with the acquisition of PYV.
Solicitors' PI heading for crisis in capacity
The solicitors' professional indemnity market could face a capacity crisis following controversial plans to retain the assigned risks pool until 2013, the insurance industry has warned.
Allianz rules out Part VII transfer
Allianz has ruled out following Aviva and Royal Bank of Scotland Insurance in applying to the High Court for a Part VII transfer under the Financial Services and Markets Act.
Allianz unveils new PI product
Allianz Commercial has launched a professional indemnity product for distribution within UK broker market.
Chartis responds to SRA decision to scrap the ARP in 2013
Insurer Chartis has responded to the Solicitors Regulation Authority’s decision to replace the Assigned Risks Pool in 2013 with a system where insurers offer a three-month extended policy period to firms who cannot obtain professional indemnity insurance…
Insurers facing £38.6m ARP cash call
Solicitor’s professional indemnity qualifying insurers will have to pay £38.6m to fund the assigned risks pool this year.
Law Society supports SRA PI plans
The Law Society has backed plans by the Solicitors Regulatory Authority to scrap the Assigned Risks Pool in October 2013.
ABI: Solicitors PI revamp a “missed opportunity”
The Association of British Insurers has criticised the Solicitors Regulation Authority’s plans to overhaul the assigned risks pool.
SRA announces plans to scrap ARP
The Solicitors Regulation Authority will abandon the Assigned Risks Pool from October 2013.
Allianz creates PI underwriting team
Allianz commercial has established a new professional indemnity underwriting team in preparation for the launch of a new product later this month.
New online PI broker launches in Ipswich
A new online professional indemnity insurance broker has launched in Ipswich.
Interview - Michael Walter & Edward Maddison: Engaging the next generation
Lynn Rouse talks to ASL's Michael Walter and Edward Maddison about expanding horizons, operational expertise and engaging the firm's next generation.
Dual expands PI offering
Dual Corporate Risks has launched a product for computer consultants and contractors combining professional indemnity and products liability.
Stackhouse Poland buy pushes GWP to £50m
Independent broker Stackhouse Poland has pushed its gross written premium to more than £50m with the acquisition of Essex-based Allison & Partners.
Post magazine – 31 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.