Professional indemnity (PI)
SRA clarifies its position on Quinn
The Solicitors Regulation Authority has advised UK-based solicitors with professional indemnity cover underwritten by Quinn Insurance against immediately seeking replacement insurance following the Irish High Court’s decision to appoint full-time…
Law Society advises Quinn policyholders against undue haste
The Law Society has advised solicitors of scaremongering surrounding Quinn Insurance and urged policyholders to await further developments and guidance before taking any action.
Quinn UK reopening moves a step closer
Quinn’s decision to back down on its opposition to the Financial Regulator’s appointment of administrators Grant Thornton to Quinn Insurance may help pave the way for the reopening of its UK business.
Elite launches new insurance products
Elite Insurance has launched three new insurance products, decennial, gap and accident, sickness and unemployment, in the hope of boosting its potential revenue streams by up to £20m over the next two to three years from £30m.
Biba clarifies members' position over limitation of liability
The British Insurance Brokers’ Association has launched a new publication to provide clarification to brokers on the issue of limitation of liability when advising clients.
Torus enters UK financial lines with new underwriting agency
Torus UK has entered into the financial lines marketplace in London through a newly formed underwriting agency Torus Executive Risks.
Editor's comment: Can the gap be filled?
A week on and the dust has yet to settle around the future of Quinn Insurance, both in the UK and Ireland.
Torus enters financial lines
Torus UK has entered the financial lines marketplace in London through underwriting agency Torus Executive Risks.
Zurich revisits action plan as Quinn faces 12 April D-day
Zurich has outlined its appetite to renew business currently held by Quinn Insurance's UK arm, by offering brokers and customers a 90-day hold covered facility.
Beachcroft acquires insurance law firm
Beachcroft is joining forces with niche insurance practice, William Holden Cooklin Gibbons.
Market awaits Law Society verdict on Quinn
Lockton has warned that thousands of UK law firms could be impacted if the Law Society de-lists Quinn Insurance as an approved insurer after the company fell into the hands of administrators on Tuesday.
FSA "working closely" with Irish regulator over Quinn
The UK's Financial Services Authority has said it is working with its Irish equivalent over the issue of Quinn Insurance.
Market awaits Quinn fallout
Brokers, trade bodies and insureds in the UK and Ireland were seeking further clarification as to the true financial situation at Quinn's insurance businesses as Post went to press, amid mounting speculation that intermediaries are already seeking to…
Professional Indemnity - Managing the Cycle: Tough conditions
Conditions in the professional indemnity market are some of the most challenging ever seen. Nigel Dorning looks at the problems and possible solutions.
Professional Indemnity - Surveyros: Reduce exposure
With claims against surveyors showing no signs of abating, Ana Paula Nacif examines the move by professional indemnity insurers to tighten their underwriting criteria.
Canopius delivers profit of £55m for 2009
Canopius Group, the privately-owned Lloyd’s insurance underwriting business, has reported profit before tax of £55m up from £43m in 2008 and profit before tax excluding foreign exchange on non-monetary items of £74m.
Aviva launches media insurance product
Insurance giant Aviva has launched a specialis product offering protection for media firms.
Bolt warns underwriters of claims increase
Lloyd's recently appointed director of performance management Tom Bolt has warned underwriters to prepare for an increase in claims from financial institutions.
PYV launches investment fund division
Lloyd’s professional indemnity insurance broker launches business unit to offer bespoke insurance products and services for traditional and alternative funds.
Phil Angus to lead Marsh’s Northern financial and professional business
Marsh has appointed Phil Angus to the newly created role of leader of its financial and professional national business for the Northern region.
Quinn to appeal High Court ruling over information access
Quinn Direct is to appeal a High Court judgment from October 2009, which it claims relates to issues "central to the rights of insurers".
Lloyd's broker expands overseas footprint with acquisition
Windsor has completed a deal for the minority interest in BGH Risk Solutions, a liability broker that operates in Canada, New Zealand and Australia.
Towergate set to open new Manchester office
Towergate Risk Soultions Manchester is set to open a new office in Heton Mersey as it seeks to merge four of its existing businesses into a single hub.
Zurich PI underwriter joins Hiscox
Hiscox has appointed Graeme King as underwriter, international technology, media and telecommunications.