Solicitors PI battle gathers pace

As the renewal date for solicitors' professional indemnity cover looms, Katherine Brandon looks at the turmoil in the market and this year's new offerings

Since it moved onto the open market in 2002, professional indemnity cover for solicitors has been highly competitive. With all solicitors renewing on 1 October each year, insurers are preparing for the brawl as solicitors begin to approach their brokers.

"It is an aggressive and competitive bunfight," highlighted Aaron Devitt, director of professional and financial lines at RSA, who is relishing this year's battle. Many other big name insurers are also busy polishing their armour, including

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Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year.

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