Professional indemnity (PI)
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.
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.
Kennedys opens ninth international office
Dispute resolution law firm Kennedys has created an Irish operation through a merger with Dublin firm O'Hare O'Connor Walshe.
PI specialists offer claims handling
Professional Indemnity specialist Beale and Company Solicitors LLP has appointed Simon Wright to head up their new claims handling department, which will provide claims handling solutions to professional indemnity insurers.
Kennedys creates Irish operation with merger
International litigation and dispute resolution firm, Kennedys has opened its ninth international office in Dublin.
CSR news: Brunel hits zero-carbon goal in green campaign
Brunel Professional Risks has upped its environmental credentials by achieving zero-carbon status, and claims to be the first specialist professional indemnity broker verified by clean planet trust Pure to have done so.
Insurers rail against solicitors' PI burden
The insurance market should not bear the burden of "regulating the solicitors' profession" due to insufficient regulatory intervention, the Association of British Insurers has warned.
Fish eyes boutique growth after ex-Lockton partner hire
Private equity-backed broker Fish Insurance is set to make a play for boutique commercial insurance, following the hire of a former Lockton partner to spearhead a new division.
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.
Biba 2011: Biba renews professional indemnity accredited broker panel
The British Insurance Brokers' Association has renewed its professional indemnity accredited broker panel. Biba's three accredited brokers — Lockton Companies, Howden Insurance Brokers and Towergate Professional Indemnity — will continue to provide cover…
European PI insurance GWP could top €7bn
The professional indemnity insurance market across Europe could be worth up to €7bn (£6.1bn) by 2014, new research has revealed.
Solicitors’ Indemnity Mutual Insurance Association goes into run-off
SIMIA, the mutual insurance company for professional indemnity insurance above £1m to firms of solicitors based in England and Wales, has confirmed it is to cease taking on new business.
Interview - Tim Coles: up and at it
After serving in the army, Tim Coles, chief executive of Howden, found fresh excitement in the world of insurance. Mairi MacDonald talks to him about the company's unique attitude and his plans to grow the business further.
Hyperion aims for £200m target by 2014
The development of a general commercial retail broking operation in the UK will play a major role in Hyperion Group becoming a £200m business by September 2014.
Biba 2011: A round-up of all the conference news
With the British Insurance Brokers' Association conference underway in Manchester Post breaks the news as it happens.
Biba 2011: Catlin targets UK brokers with 'Select' and 'Online'
Catlin has today unveiled a brand new suite of products aimed specifically at UK brokers.
Biba 2011: Trade body renews PI deal and teams up with Jelf
The British Insurance Brokers' Association has renewed its professional indemnity accredited broker panel, and launched a new private medical insurance offering.
Editor's comment: tying the knot
The rest of the world may remain obsessed by romance or reactionaries but the UK insurance industry has unveiled its own all-consuming love affair this week. Acquisitions abound in the headlines and bullish talk is nothing short of bountiful.
Howden boosts GWP by 45% with PYV buy
Howden Broking Group has grown its gross written premium on its professional indemnity and directors’ & officers’ liability books in the UK from £35m to just over £50m with the acquisition of PYV.
Solicitors' PI heading for crisis in capacity
The solicitors' professional indemnity market could face a capacity crisis following controversial plans to retain the assigned risks pool until 2013, the insurance industry has warned.
Allianz rules out Part VII transfer
Allianz has ruled out following Aviva and Royal Bank of Scotland Insurance in applying to the High Court for a Part VII transfer under the Financial Services and Markets Act.
Allianz unveils new PI product
Allianz Commercial has launched a professional indemnity product for distribution within UK broker market.
Chartis responds to SRA decision to scrap the ARP in 2013
Insurer Chartis has responded to the Solicitors Regulation Authority’s decision to replace the Assigned Risks Pool in 2013 with a system where insurers offer a three-month extended policy period to firms who cannot obtain professional indemnity insurance…