Author: Louise Meeson
Source: Insurance Age | 02 Sep 2010
Categories: Broker, Insurer, Commercial
Tags: Underwriting | Risk Management | Professional Indemity - do not use | MGA
Ink Underwriting Agencies and St Giles Legal and Professional Risks have joined forces to create a new professional indemnity (PI) insurance facility for solicitor firms with between one and 25 partners.
Clients will have access to a risk management service, including risk reviews, specialist Lexcel level reviews, and an in house claims handling service.
Mike Smith (pictured), MD of Ink, commented: “We are delighted to have collaborated with St Giles, and to have been able to create a timely solution for solicitors who we know are finding this year’s insurance renewal season very challenging. Both we and St Giles have significant knowledge and expertise in this marketplace, and a good understanding of the issues.”
Malcolm Gordon, MD of St Giles Legal and Professional Risks and a solicitor himself, said: “We have produced with Ink a creative facility, backed by solid re-insurance. We will run this with a team that includes people who themselves were once solicitors in private practice. A pro-active claims service is a key part of our offering.”
The policy is issued by Alpha Insurance A/S, a Danish Insurance company based in Copenhagen. Cover will be underwritten by re- insurer Greenlight Re, a specialist casualty re-insurance company.
Facilities are being released to supporting Ink and Westinsure brokers who will receive details of how to obtain a quote over the next week.
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