Berliner exits UK solicitors' PI market
Insurer Berliner is withdrawing from the UK solicitors’ professional indemnity (PI) market.
The insurer’s manager, Apro, has sent a letter to clients which states: “We are now writing to inform you that there is now uncertainty as to whether Berliner will after all be in a position to accept any solicitors’ PI risks for the year beginning 1 October 2013.”
According to market sources, the Financial Conduct Authority is to make an announcement around the withdrawal later today.
Mike Perry, partner at JLT Specialty, told Insurance Age: “Whilst there’s some information out in the public
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