Elite in solicitors’ PI U-turn
Elite Insurance has confirmed that it will re-enter the solicitors’ professional indemnity (PI) insurance market in 2012.
In June 2011 the legal expenses provider and after-the-event insurer declared it would not be writing solicitors' PI due to what it perceived to be the lack of essential changes to the Assigned Risk Pool (ARP) and the rules governing policy wording.
However, sister title PostOnline has revealed the insurer believed the time was now right to reverse that decision.
Chief executive officer Jason Smart confirmed: "We had a meeting yesterday and we are now at the stage where we are presenting to
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