Chartis closes door on new solicitors' PI business

exit-door

The decision comes after Chartis, among other insurers such as Zurich, slammed the Solicitors' Regulation Authority's (SRA) plans to reform the Assigned Risk Pool (ARP).

Latest figures from the SRA show that Chartis' current percentage participation of the ARP stands at 17.4%, up from 15.3% in the same period last year.

Steve Bonnington, vice president, financial lines at Chartis UK, said: "Our analysis indicates that the transition from a recessionary economic environment may not be a smooth

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