Professional indemnity (PI)
Law Society takes first step towards PII common proposal form
The Law Society said it is seeking industry-wide support from brokers and insurers to use its professional indemnity insurance composite proposal form in the first step in its drive towards a common proposal regime.
Willis appoints Asia FINEX head
Willis has appointed Tony Mitchell as regional head of the firm's financial, executive risk and professional liability business in Asia-Pacific, in response to the increasing exposures faced by executives of companies expanding globally.
View from the top: German PI market open for growth
Germany's nascent professional indemnity market still lags behind those of its European peers, but it has considerable growth potential, as Frederik Wulff explains.
O’Donnell replaces Robinson as Ace financial lines head
Timothy O'Donnell has been appointed executive vice president of financial lines for Ace's international insurance operations.
Italian broker Golinucci launches PI aggregator site
Italian broker Golinucci Assicurazioni has launched an online comparison site for professional indemnity insurance for the Italian market.
MUM enters international market
Broker-only managing general agent Manchester Underwriting Management is entering the international market.
BIBA 2012: QBE launches e-trading PI product
QBE has added a professional indemnity combined product to its Fast Flow e-trading platform.
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.