Professional indemnity (PI)
Commercial insurance market shrinks as trades grow
A decade of mergers, exits and product withdrawals has reduced provider and product numbers across most commercial insurance segments with the exception of tradesman and professions, which are now driving the only area of growth.
Mutual calls for cash from members following Grenfell fallout
Wren Insurance Association, which specialises in insuring architectural firms, has demanded more money from its members as it continues to struggle with claims relating to the Grenfell tragedy back in 2017.
Long-term participants have an edge in ‘challenging’ PI market
Underwriting adaptability and prudence are all important in the face of a professional indemnity insurance market swimming in capacity and a turbulent geopolitical environment, Markel senior underwriter Joanne Healy has told Post.
Starpeak x Peach; Liiba’s commercial report; Aon’s head of professional services
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Architects take first step towards mutual insurer
Architects have taken the first step towards setting up an insurance mutual with a new scheme to provide professional indemnity cover to small-to-medium-sized practices.
Q&A: Edward Ambrose, RSA
Edward Ambrose, UK head of professional indemnity at RSA, tells Post about the development of the insurer’s pioneering climate professionals PI product, which launched last year, and its reception in the market.
Q&A: Stuart Heath, Tokio Marine HCC
Earlier this year, Tokio Marine HCC appointed Stuart Heath as international head of distribution in addition to his role as head of delegated property. He told Post about how the insurer is hoping to ride out the soft market and its biggest growth…
Professional indemnity insurance for lawyers and accountants
Danny Seaman, professional indemnity specialist at Miller, Peter Stephens, head of PI at Westfield Specialty, and Matthew Harvey, account director of ProFin at the Clear Group, reveal what is behind the softening of the professional indemnity insurance…
Galjaard cautious of history repeating itself with returning competition
While he hopes the market has matured in the last few years, Markel’s managing director for the UK, Neil Galjaard, is hoping brokers “have long memories” of providers that exited markets when things got tough.
Markel’s Galjaard outlines plan to double the UK business
Markel’s UK managing director Neil Galjaard shared the business has just signed off a growth strategy that aims to double the size of the business by 2030.
Gallagher on the hook for up to £5m damages
The High Court has ruled Gallagher could owe damages of up to £5m to a housing trust due to its negligence resulting in its client missing out on data breach cover.
More Cowbell coming to UK insurance market
Managing general agent Cowbell has made its first move beyond the standalone cyber insurance market in the UK with the launch of a hybrid professional indemnity and cyber solution for technology firms.
Managing PI exposures amid Labour’s building push
When it comes to the government’s target to build 1.5 million homes over the next five years, Tinu Ayoola, senior professional indemnity underwriter at Collegiate Management Services, reckons more haste less speed is required to ensure adequate cover is…
Diary of an Insurer: Rokstone’s Jimmy Heaton
Jimmy Heaton, head of international directors and officers and financial institutions at MGA Rokstone, highlights the importance of sustainable underwriting, professional development, and maintaining a constant dialogue with partners, while pursuing his…
Professional indemnity insurers unable to price for genAI exposure
While claims seem inevitable, professional indemnity insurers are currently bearing an unpriced exposure to the use of generative artificial intelligence, RSA’s UK head of PI has told Insurance Post.
Big Interview: Jane Kielty, Aon UK and Ireland
Aon UK and Ireland’s CEO, Jane Kielty sits down with Scott McGee to talk through her first year in the job, and why 2025 will be the year of high performance for the broker.
Professional indemnity rates expected to fall rapidly
A capacity-driven professional indemnity insurance market offers the chance for growth and competitive pricing in 2025, Clyde & Co has predicted.
Allianz to launch refreshed SME proposition in 2025
Allianz Commercial plans to launch a refreshed SME proposition in 2025, following investment to broaden and modularise its product suite, UK managing director Nadia Côté has told Post.
How to create a pipeline as a specialist insurer
How a sales pipeline can help teams track their progress, pinpoint revenue-killing roadblocks, and prioritise their efforts to increase revenue is covered by Russell White, CEO of Peach Pi and NPAI, in his Insurance Post Top Tips video.
Diary of an Insurer: Peach Pi’s Nick Dinsdale
Nick Dinsdale, director of underwriting for NPAI and Peach Pi, loves interacting with his new team, won’t let road repair carnage prevent his daughter from playing for Chelsea FC Girls, and adds a bit of market experience to his organisation’s reinsurer…
Aviva revamps financial lines management and pushes into Scotland
Aviva has announced several new hires in its financial lines team, including underwriters that expand its presence into Scotland.