Professional indemnity (PI)
Marsh: "grotesque" solicitors impacting whole PI market
Marsh has called for solicitors firms that fail to buy professional indemnity cover to be shut down — and labelled their continued trading as "grotesque".
RSA launches e-trading system
RSA has launched a service that enables brokers to obtain quotes and bind a policy in minutes.
View from the top: Taking a stand over PI
There is a crisis brewing in the solicitors' professional indemnity market and finding the culprits is an open and shut case: the handful of rogue lawyers who cost their insurers millions of pounds each year and all too often, disappear into thin air.
Quinn: PI insurers losers after defeat
The Solicitors Regulation Authority has welcomed the Court of Appeal's decision to uphold an earlier ruling denying Quinn Direct access to confidential information on a small firm of solicitors that it insured.
Medical report highlights insurance market failure
The UK's midwifery associate bodies are poised to step up their bid to gain insurance cover for independent practitioners, following the publication of the Finlay Scott report on the issue.
SRA confirms tough new stance on Assigned Risks Pool
The board of the Solicitors’ Regulation Authority has approved a strategy for the enhanced control of the Assigned Risks Pool that provides indemnity for solicitors’ firms that struggle to obtain insurance in the market.
Professional indemnity requirements for doctors 'do not go far enough'
The recommendation for mandatory indemnity for healthcare professionals is not before time but has not gone far enough, according to the Medical Defence Union.
Quinn loses legal battle
A Court of Appeal judgment will have major implications for insurers seeking access to confidential documents that could enable them to refuse indemnity according to law firm Browne Jacobson.
Torus names PI manager
Torus' joint venture with Nexus Underwriting Management has entered the professional lines market with the appointment of David Robinson as professional indemnity manager.
PIA launches platform in Malta and Italy
Online professional indemnity insurance broker Professional Insurance Agents has launched its multi-quote & buy insurance platform in Malta and Italy.
Allianz head urges SRA to take PI action
Allianz head of financial lines Mark Carver has accused the Solicitors Regulation Authority of "burying its head in the sand" over the growing problems associated with professional indemnity insurance for the legal sector.
Dual makes property and casualty move
Dual Corporate Risks has branched out from its professional indemnity and directors’ and officers’ heartland and entered the property and casualty market with the appointment of the former managing director of Glacier Group, Steven Price.
Former Bluefin MD joins OIM
Chris Ladkin is to join OIM Underwriting, a wholly owned subsidiary of Arthur J Gallagher UK. He will head OIM’s new Finpro team, to be formed in combination with the Circadian team which joined OIM following the AJG acquisition of the First City assets.
Focus on Greece
The European insurance market is facing a tough economic climate but none more so than the Greek market with its government’s financial debt crisis. Edward Murray reports on how the industry is coping.
Catlin joins solicitors' PI market exodus
Bermuda-based insurer Catlin has become the latest player to withdraw from the troubled solicitors' professional indemnity insurance market.
Technology - Global platforms: One size won't fit all
As online distribution becomes more ubiquitous, Paul Ferris warns that such platforms must be used with sensitivity to local practices.
Technology - Underwriting: Shifting focus
Insurers are upping the pace at which they investigate underwriting IT options and, over the past six months, there has been a substantial jump in the number of carriers looking to engage software houses with projects in this area, says Edward Murray
Catlin to join solicitors' PI market exodus
Bermuda-based insurer Catlin has become the latest player to withdraw from the troubled solicitors' professional indemnity insurance market.
Hiscox withdraws from "flawed" solicitors' indemnity market
Hiscox is to withdraw from the solicitors’ professional indemnity market.
RICS chooses Howden
The Royal Institution of Chartered Surveyors has appointed specialist Lloyd's broker Howden as its preferred UK professional indemnity broker.
Environmental liability: Grasping the impact
Despite it providing the potential for conflict, Mike Marston asks why brokers have failed to fully understand the implications of the Environmental Damage (Prevention and Remediation) Regulations 2009.
PI law changes offer opportunities for brokers claims expert
New laws making professional indemnity insurance obligatory for a wide range of professions, are leading to increased distribution opportunities for brokers.
RICS appoints Howden as its preferred PI broker
The Royal Institution of Chartered Surveyors has appointed specialist Lloyd’s broker, Howden, as its preferred UK professional indemnity broker. This is the first time that the RICS has appointed a preferred broker for this type of insurance.
QLP and DAC join forces
Insurance broker QLP and law firm Davies Arnold Cooper have joined forces to launch a risk management tool aimed at helping law firms reduce their exposure to professional indemnity insurance price and provision volatility.