Professional indemnity (PI)
Deacon offers managing agents PI cover
Blocks of flats insurance broker Deacon has developed a professional indemnity insurance products for managing agents.
No justification for FSA compensation
Professional indemnity insurance broker PI Expert has warned that the Financial Services Authority’s demands for more power to issue compensation awards could be a cash cow for the regulator.
Law Society raises Quinn concerns in Irish High Court
The Law Society has been to the Irish High Court to ensure the interests of the 500-plus solicitors who have run-off professional indemnity insurance cover with Quinn Insurance will not be affected by the transfer of some of its insurance business to…
Lockton appoints business development exec
Insurance broker Lockton has named Mark Amos as a business development executive for its Edinburgh professions team.
53 firms enter the ARP
The Solicitors Regulation Authority has confirmed that as of 4 October, a provisional figure of 53 firms had failed to find professional indemnity insurance on the open market and had entered the Assigned Risks Pool.
Jelf Professions appoints new PI team
Jelf Professions, the professional indemnity division of Jelf Insurance Brokers, has appointed three new members to form a professional indemnity team, to specialise in the affinities market, based out of the company’s Manchester office.
Travelers enters plastics industry market
Travelers has launched an insurance product at the plastics industry as part of its strategy to broaden its offering.
Market moves: Getting ready for the fourth quarter
Lloyd’s players were the most active recruiters this week as the insurance industry looks forward to the fourth quarter. A number of underwriters in the London Market made appointments, with a view to strengthening their teams. Moves among insurers…
Exporting to the US: pitfalls and potential
Exporting to the US could be a solution to Europe’s economic problems but as Pat Drinan explains brokers looking to help out firms venturing into this market need to watch their own back as well as their clients.
Market moves: All change at the trade bodies
With insurer moves slower than last week, this week has seen a number of changes among the trade bodies, with the Chartered Institute of Loss Adjusters, the |British Insurance Brokers’ Association and Federation of European Risk Management Associations…
Interview - Matthew Reed: The challenge is everything
With insurance as his third career, Matthew Reed, Axa Commercial’s managing director of intermediary and direct, has risen rapidly up the ranks. Amy Ellis finds out how previous experiences have invested him with the determination to turn the insurer…
Market moves: Bucking the trend for UK employment
With September in full swing, announcements of moves around the market are arriving thick and fast. After the dearth of recruitment news in August, disciplines across the industry spectrum appear busy luring expertise from competitors, promoting from…
Torus poaches Gras from Howden
Torus Executive Risks has recruited Howard Gras as deputy professional indemnity manager in its financial lines team.
Prime Professions lands Law Society PII role
Prime Professions has been appointed to manage a Law Society scheme helping firms struggling to secure professional indemnity insurance.
Travelers attracts Sawyer from QBE
Travelers has poached QBE’s David Sawyer (pictured) to be assistant general manager for its professional indemnity portfolio.
JLT issue solicitors' PI renewal date reminder
Broker bosses from JLT have issued a reminder for legal firms to get the best quote from insurers before the 1 October renewal date for solicitors’ professional indemnity insurance.
People moves - 1 September 2011
A round-up of people moves and new appointments in the industry, as featured in the 1 September 2011 edition of Post.
Brunel launches wholesale PI
Professional indemnity insurance broker Brunel Professional Risks has launched a wholesale PI insurance broking service to give brokers to access a wide PI market.
Ex-Swiftcover CEO Blowers back with new online start-up
Online insurance broker Qmetric has been granted full Financial Services Authority approval and is said to be a “few weeks” away from adding three major insurers to the panel of its specialist consumer brand Policy Expert.
Legal update - Quinn: Keeping it confidential
The decision in Quinn v Law Society raised a series of questions around the issue of client confidentiality. Felix Zimmermann looks at whether answers have been forthcoming in the year since the judgment.
Solicitors face new PI risks in alternative business structure firms
Lawyers who “dabble” with multi-disciplinary practices once restrictions of trading are lifted in October face professional indemnity claims, Brit Insurance has warned.
Prime Professions to work for conveyancers
Professional indemnity insurance broker Prime Professions has been appointed as the new broker for the Council for Licensed Conveyancers’ Master Policy Scheme.
Marsh offers small solicitor firms 'exclusive' PI deals
Marsh claims to have two exclusive insurer deals for small and mid-sized firms of solicitors to help tackle what it describes as a “challenging renewal season for solicitors’ professional indemnity (PI) insurance”.
Solicitor insurers exploited ARP loophole
Insurers have used a loophole to under report premiums from solicitors’ professional indemnity insurance to cut payments to the Assigned Risk Pool, the Solicitors Regulation Authority has said.