XL commands biggest share of solicitors' PII market
According to the publication, the Solicitors Regulation Authority (SRA) has released figures which show that 18% of law firms purchased PII from XL Insurance. Hannover provided a further 12.5% of firms with PII while 11.8% bought from QBE and and 11.6% from Travelers.
The Law Society Gazette reported that 10,917 practices in England and Wales secured PII by the renewal closing date of 31 October, generating a total premium income of £255.7m.
Only 32 firms entered the Assigned Risks Pool (ARP)
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