Professional indemnity (PI)
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.
Marsh sees trade credit rates increase up to 50% across Europe
Increases in financial institutions' insurance ranged from more than 40% to 50% in Turkey, to 10% in Switzerland and South Africa. In the UK and Ireland, increases ranged from 10% to 30%.
Business Interruption - Valuations: Setting sums
The risk of commercial underinsurance can leave brokers in the firing line and the insured financially distressed. Terri Adams and Richard Powell report on how this can be avoided.
Fitzgerald and Adjusting Solutions join forces
A working agreement has been established between insurance claims company Fitzgerald Consulting and loss adjuter Adjusting Solutions, led by Tom Battell and David Martin.
Legal update - broker duties: Shared responsibilities
Andrew Blair and Niyi Phiri examine the complex issue of how liability should be shared when the role of the broker is split and negligence claims made.
Legal update - professional negligence: In the firing line
Antony Smith and Rhian Howell examine the latest court activity statistics to analyse which professions are likely to bear the brunt of claims.
Arista to widen product range
Commercial lines underwriter Arista has said it is on target to achieve a consistent trading profit from the first quarter of the year, despite tough trading conditions.
Aon to assist Law Society with solicitors' PI renewals
Insurer to help prepare firms for 2010 renewal
Under strain
Rising complaints about the solicitors' indemnity scheme have prompted calls for change. Hugh Price and Roger Flaxman explain why varying the renewal date alone will not solve the problem.
Dual raids Brit for underwriting boss
Exec chair Russell Kilpatrick welcomes Jenny Martin to group.
Questgates expands into Reading
New office to provide growth for PI business following acquisition from Davies.
Liberty expands PI offering
LIU Europe targets larger UK-based risks