Professional indemnity (PI)
Market moves: Bucking the trend for UK employment
With September in full swing, announcements of moves around the market are arriving thick and fast. After the dearth of recruitment news in August, disciplines across the industry spectrum appear busy luring expertise from competitors, promoting from…
Torus poaches Gras from Howden
Torus Executive Risks has recruited Howard Gras as deputy professional indemnity manager in its financial lines team.
Prime Professions lands Law Society PII role
Prime Professions has been appointed to manage a Law Society scheme helping firms struggling to secure professional indemnity insurance.
Travelers attracts Sawyer from QBE
Travelers has poached QBE’s David Sawyer (pictured) to be assistant general manager for its professional indemnity portfolio.
JLT issue solicitors' PI renewal date reminder
Broker bosses from JLT have issued a reminder for legal firms to get the best quote from insurers before the 1 October renewal date for solicitors’ professional indemnity insurance.
People moves - 1 September 2011
A round-up of people moves and new appointments in the industry, as featured in the 1 September 2011 edition of Post.
Brunel launches wholesale PI
Professional indemnity insurance broker Brunel Professional Risks has launched a wholesale PI insurance broking service to give brokers to access a wide PI market.
Ex-Swiftcover CEO Blowers back with new online start-up
Online insurance broker Qmetric has been granted full Financial Services Authority approval and is said to be a “few weeks” away from adding three major insurers to the panel of its specialist consumer brand Policy Expert.
Legal update - Quinn: Keeping it confidential
The decision in Quinn v Law Society raised a series of questions around the issue of client confidentiality. Felix Zimmermann looks at whether answers have been forthcoming in the year since the judgment.
Solicitors face new PI risks in alternative business structure firms
Lawyers who “dabble” with multi-disciplinary practices once restrictions of trading are lifted in October face professional indemnity claims, Brit Insurance has warned.
Prime Professions to work for conveyancers
Professional indemnity insurance broker Prime Professions has been appointed as the new broker for the Council for Licensed Conveyancers’ Master Policy Scheme.
Marsh offers small solicitor firms 'exclusive' PI deals
Marsh claims to have two exclusive insurer deals for small and mid-sized firms of solicitors to help tackle what it describes as a “challenging renewal season for solicitors’ professional indemnity (PI) insurance”.
Solicitor insurers exploited ARP loophole
Insurers have used a loophole to under report premiums from solicitors’ professional indemnity insurance to cut payments to the Assigned Risk Pool, the Solicitors Regulation Authority has said.
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…