Solicitors’ PI squeezed further as Chartis exits new business
Chartis UK has blamed the high volume and cost of claims for its decision to stop writing new solicitors’ professional indemnity business this year but has not ruled out reversing its policy in the future.
The firm has a 17% market share but Steve Bonnington, vice president of financial lines, told Post it had become too costly to write new solicitors’ PI for 2011. Its withdrawal of capacity will make
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