Professional indemnity (PI)
Retail expansion key as Hiscox remains cautious
Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.
Call for solicitors to act as PI renewal deadline looms
Solicitors have been urged to get on with securing professional indemnity insurance with only a month left until the PI insurance renewal date.
Claims against professional firms hit 11 year high
Syscap, an independent finance provider, said that high court cases launched against professional firms for negligence have hit an 11 year high forcing more firms to borrow to pay increased professional indemnity insurance rates.
Travelers to take on Quinn PII
Travelers has struck an exclusive agreement with Quinn’s former broker, Prime Professions, to offer cover to sole practitioners who are no longer covered after Quinn’s departure from the market, the Law Society Gazette reports.
QBE Europe H1 profits increase to $222m
QBE Europe reported a pre-tax insurance profit of $222m (H1 2009: $213M). Its gross written premium for the first half of 2010 was up 8% to US$2.412bn (2009 US$2.228bn).
Dual boss admits Hiscox deal good for flotation
Dual International chief executive Bob Van Gieson has admitted moving away from having Arch Capital as its sole capacity provider for its main book of business makes it better placed for a flotation.
L&E enters solicitors' PI market
Property specialist London & European is to offer professional indemnity insurance for solicitors.
L&E enters solicitors' PI market
Property specialist London & European is to offer professional indemnity insurance for solicitors.
RSA CEO 'lonely' on rates
RSA's UK chief executive has admitted he is feeling "lonely" when it comes to commercial rate rises.
Dual in SME e-business launch
Dual Corporate Risks has launched an e-business strategy targeting small businesses.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Postscript - 10 years ago: Aggressive start to new solicitors' PI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 10 years ago: 800 law firms could close over SI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
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.