Professional indemnity (PI)
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.
DoH to meet with industry over insurance for independent midwives
The Department of Health is set to meet with industry figures next week to discuss the provision of insurance for independent midwives, Post has learnt.
Post in print - 10 June 2010
Post reporter Amy Ellis outlines this week's major news stories from Post including: government move over midwives; brokers unite for covenant code; Cooper Gay IPO; Money Supermarket fraud action; and Hyperion flotation insight.
QLP launches risk management tool
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.
QBE offers E&O in Canada
QBE has been granted service company status by Lloyd’s to provide errors and omissions insurance to SME's in Canada.
Marsh raids Willis for insolvency team
Marsh has launched a dedicated practice to provide risk and insurance advice to UK insolvency practitioners after appointing six employees from rival broker Willis.
Torus launches professional lines cover in Europe
Speciality insurer Torus has launched a new professional lines offering in France and Germany.
Chubb confirms £41.5m Lloyd’s syndicate
Chubb has confirmed it has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882.
Professional indemnity - design rules: The load of codes
With 10 new Eurocodes replacing long-established design codes for the construction industry, Martyn Francklow questions the quick changeover period and analyses their potential to generate professional indemnity claims.
Law report: Decision in Land of Leather allergy case favourable to insurers
Horwood and others v Land of Leather (in administration), Zurich Insurance and others (Queen's Bench Division — 18 March 2010)
Insurance buyers - Mactavish report: There may be trouble ahead
The recent Mactavish report had some severe criticisms for the commercial insurance sector. Sam Barrett reports on the warnings it contained.
Groupama launches online PI offering
Groupama will target business from the major professional indemnity insurers after launching its first standalone PI product aimed at small to medium-sized enterprise businesses.