Simia run-off will have 'little effect'
The Solicitors Regulatory Authority has downplayed the effect of the Solicitors' Indemnity Mutual Insurance Association's decision to go into run-off.
The mutual, which was set up in 1986 to reduce insurance costs and prevent under-capacity in the market, was established by 38 solicitors firms. As of 16 April 2011, 155 firms were part of the mutual
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