Aon UK confirms solicitors’ PI cover has been withdrawn

scales-justice-legal

Its MGA Maven Underwriters lost Lloyd’s support and Aon states it has found alternative cover for its clients using Maven.

Solicitors insured with Maven Underwriters which is part of Aon UK have been warned they will be unable to renew from 30 September this year.

The Law Gazette revealed that legal firms had received letters notifying them their insurer had pulled out of the legal PI market.

An Aon spokesperson confirmed: “Aon UK provides Professional Indemnity insurance broking and advisory services to solicitors firms of all sizes. A number of insurers are withdrawing from the Solicitors PI market including

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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