Professional indemnity (PI)
The cost of professionalism in Italy
Italy recently passed a law to make professional indemnity insurance compulsory for all members of recognised bodies. Paolo Golinucci discusses what this means for the insurance industry.
Chubb offers PI for professional service providers
Chubb has launched a professional indemnity product for professional service providers ranging from management consultants and HR experts to payroll processors and polygraph operators.
Insurers warned over consequences of hiring unregulated investigators
A senior private investigator has warned that insurers face ruined reputations when hiring unregulated private investigators in the wake of the News of the World phone hacking scandal.
Fraud: On the side of the angels
When investigating claims fraud, insurers must not overstep the mark and remain transparent, empathic and ethical.
Professional indemnity poll result
Are brokers in Italy prepared for an upsurge in business?
XL replaces Chartis in solicitors' PI top spot
The Solicitors Regulation Authority has revealed XL Insurance has the largest estimated premium at 18%, according to Professional Indemnity Insurance (PII) arrangements of firms in England & Wales for 2011/12.
Agency workers: Temporary conditions
The Agency Workers Regulations will give temporary staff the same basic rights as permanent employees. What does this mean for liability policies?
Miller poaches professional indemnity expert from Aviva
Miller has today confirmed the appointment of former Aviva professional indemnity expert Mark Carver.
Markel appoints Balocco to professional liability team
Specialist insurer Markel has named Davide Balocco as a senior underwriter in its in its professional liability division.
XL scoops bulk of solicitors’ PI market as fewer join assigned risk pool
As capacity in solicitors’ professional indemnity increases, brokers predict XL will be the biggest player in the market, replacing 2010’s top underwriter Chartis.
Interview - Konsta & Payton: Let's get together
The high-profile merger of Clyde & Co and Barlow Lyde & Gilbert has impacted the legal and insurance industries. Michael Payton and Simon Konsta explain the differences.
PI to be compulsory for professional body members in Italy
Professional indemnity insurance is to be made compulsory for all members of recognised professional bodies in Italy following new legislation.
Brunel sees rise in PII renewals
Brunel Professional Risks saw a rise in the number of solicitors’ practices placing their professional indemnity insurance (PII) business through the indemnity insurance broker by the 1 October renewal deadline.
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…