Professional indemnity (PI)
Hiscox extends PI to new professions
Specialist insurer Hiscox is unveiling five new professional indemnity (PI) products at the British Insurance Brokers' Association conference aimed at new professions such as interior designers and 'green' consultants.
Zurich pledges broker commitment as 15% of staff cut in PL shake-up
Zurich has moved to reassure its brokers following the news that it will cut almost 15% of its UK workforce and transfer a big chunk of its personal lines business into its own broker, Endsleigh.
CFC makes first big appointment following news of Hyperion split
CFC Underwriting has unveiled its first major appointment since the news that Hyperion boss David Howden is to sell his majority stake in the firm.
Ink acquires Indemnity Risk Solutions
Ink Underwriting has strengthened its position in the solicitor professional indemnity market through the acquisition of Indemnity Risk Solutions.
Oxford adds fee recovery to its PI cover
Oxford Insurance Brokers has launched a bolt-on fee recovery service as part of its professional indemnity insurance.
Case underlines compliance dangers for brokers selling 'package' products
A Jersey Royal Court judgment against the Channel Island's largest insurance broker, Giles-owned RA Rossborough, should act as a warning to insurers and brokers.
Structural change: interview with Chartis UK MD Nicolas Aubert
Chartis' restructure put London at the heart of the firm's European operations, and UK managing director Nicolas Aubert is convinced recent structural changes will produce only profit and improved performance.
Chartis underscores £50m investment as UK profit drops 89% to £11m
Nicolas Aubert, UK managing director for Chartis Europe, has stressed the business is “well on the way to break even”, as the UK today revealed an underwriting loss of £51.7m (2010: £65.3m) and combined ratio of 103.6% (2010: 104.2%) for the year ending…
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?