Professional indemnity (PI)
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.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Chartis UK pulls out of writing new PI for solicitors
Chartis UK will not write any new professional indemnity business for solicitors, blaming the “continued poor claims experience” for its decision.
Broking focus - Regulation: The new broom
The Financial Conduct Authority will assume responsibility for the regulation of brokers taking over from the Financial Services Authority at the end of 2012. The Institute of Insurance Brokers, the British Insurance Brokers' Association and the London &…
Markel launches Dutch operation
Markel International is preparing to open a branch office in Rotterdam this September.
Group unveils ABS plan despite delay
Triton Global has "stuck its head above the parapet" to announce it is ready to become an alternative business structure, as soon as it has the green light from the Solicitors Regulation Authority.
Axa launches first products on Powerplace
Axa Commercial Lines has launched its tradesmen and professional liability products on Powerplace, the online commercial insurance marketplace.
Risk management: the issue of local v global
Companies are increasingly becoming global but as Tracey Clayton argues this does not always mean that having a global insurance programme forced on them is the best option.
Career development & CSR: Skills gap and reputational issues hindering recruitment
A shortage of insurance professionals with actuarial, claims and specialist liability underwriting skills is hampering the sector's development in the UK.
Law Society: Professional indemnity renewals are still a problem
Lawyers have found it harder to get professional indemnity insurance this year with roughly one in three firms having problems, up from one in five last year, according to the Law Society’s PII survey.
Bancassurance a growth channel for commercial insurance
Banks in Italy currently hold just 4% of the general insurance market, however, with significant growth in demand for commercial insurance such as directors’ and officers’ Maurizio Ghilosso explains why this might be the ideal channel to tap into this…
Legal update - Property surveyors: Surveyors under siege
The aftermath of the credit crunch has seen lending institutions turn on property surveyors in an attempt to recoup losses. Duncan Greenwood explores the potential to turn the tables back.
Professional indemnity insurance brokers set to open Leeds office
Prime Risk Solutions has announced plans to open an office in Leeds as part of a bid to expand the business in the north of the country.
In-depth PI report finds no solution for midwives
A study into the provision of insurance for independent midwives has found there is no "foreseeable" insurance solution for the high risk they present to insurers.
KGM Motor CEO exits during restructure
Colin Hart, chief executive of Canopius-owned KGM Motor has left the group, amid a restructure that sees the formation of a new UK retail division.
Axa ready for referrals ‘hurt’ - Insurance News Now – 30 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the response of Axa personal lines boss Steve Hardy, on the insurer’s decision to stop accepting referral fess from personal injury lawyers.
Professional indemnity Q&A in association with Zurich
With the solicitors' professional indemnity renewal date approaching, Jenny Screech, legal professions manager at Zurich, discusses the current PI climate with John Malpas, the editor-in-chief of Post's sister title Legal Week.
Solicitors' professional indemnity: Turning off the life support
Potential sweeping changes to the solicitors' professional indemnity market could see the controversial assigned risks pool scrapped. Jakki May investigates the effect on qualifying insurers hoping to turn a profit.
Dual appoints Manchester underwriter
Dual Corporate Risks has appointed Christopher Blake as a professional indemnity underwriter in the company’s national business unit.
Elite rules out solicitors' PI move
Legal expenses provider Elite Insurance Company has ruled out entering the solicitors’ professional indemnity insurance market due to the rules governing the assigned risk pool.
Exclusive professional indemnity and collective redress content now available on Post Europe
Post Europe’s weekly update is now live with an article on how the professional indemnity market in Europe is in line for growth and a View from the Top on why the European Commission needs to reconsider it push for a system of collective redress for…
Post Europe: Professional indemnity – the growth market
Professional indemnity was worth almost €6bn across Europe in 2010 and with changes to Italian legislation and increasing negligence claims Alan Leach explains how this market is sure to expand.
Exclusive professional indemnity and collective redress content
Insurance Insight’s weekly update is now live with an article on how the professional indemnity market in Europe is in line for growth and a View from the Top on why the European Commission needs to reconsider it push for a system of collective redress…
View from the Top: No need for European consumer collective redress
The European Commission is continuing to push for a system of collective redress for consumers that would allow a type of class action litigation.