In-depth: Seismic shift in LEI?

lei-seismic-shift

The shake-up in legal expenses insurance regulation has left many in the market jostling for position, writes Edward Murray

The legal expenses insurance (LEI) market is going through one of the biggest shake-ups in living memory. For brokers and insurers the challenge is to ensure they adapt to make the most of the changes for both themselves and their customers.

Giving an idea of the scale of the changes, Richard Finan, director at legal expenses insurance provider Arc Legal, says: “I have been involved in the LEI market for over 20 years and have never experienced a time like this before.” He cites the Financial

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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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