Prime Professions hits back
Prime Professions has rejected claims it is struggling financially and had been in discussions with Aon about a takeover late last year.
Market sources claimed that the company had experienced difficulties after the collapse of Quinn Insurance. It has been suggested that this severely dented its solicitors' professional indemnity (PI) book.
However, Tim Smyth, chief executive, Prime Professions, denied this: "Business is buoyant and turnover is up compared to the same period last year. We conducted a thorough business review and thanks to prudent management, product initiatives and tremendous team efforts, have delivered sound
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