Professional indemnity (PI)
Management Clinic - Due Diligence: What's in the box?
We have the opportunity to make our first acquisition of any size and it looks like a good fit. How can we be sure of what we are buying?
Quinn case sheds light on periods of limitation
A recent High Court ruling in favour of Quinn Insurance has clarified the law regarding the timeframe for submitting claims where an insurer has denied liability, according to law firm Browne Jacobson.
Fledgling underwriter expands commercial lines with D&O move
Manchester Underwriting Management (MUM) has unveiled plans to move into the directors' and officers' (D&O) market.
Upping FOS compensation could ruin small brokers
The Financial Services Authority's (FSA) proposal to increase the maximum level of Financial Ombudsman Service (FOS) compensation to £150,000 may force small brokers out of business, legal experts have warned.
Reportage - Coping with regulation: A regulatory health check
Whether they choose to call in a consultant, turn to their network or go it alone, brokers have a few options available to them when it comes to handling the pressures of regulation. Edward Murray explores the pros and cons of the different approaches.
Risk management/claims: Brokers warned: enforce EL or risk legal action
Brokers that fail to advise clients about environmental liability risks could face legal action following a government crackdown.
Apollo-CVC offer accepted
Brit Insurance has agreed a cash offer from Apollo Management and CVC Capital partners in a deal valued at about £888m, which will result in shareholders receiving up to £11 a share.
Post Intelligence Benchmarking - Commercial Insurers: Waving - or drowning?
Insurance 360's groundbreaking survey of commercial insurers' performance reveals which ones have got their acts together and which ones need to raise their game. Peter Joy reports.
Ink hopes facility launch will fill solicitors' PI hole
Ink Underwriting Agencies has stated its intention to seize a "sizeable chunk" of the solicitors' professional indemnity (PI) market following the launch of a new facility.
Market Watch - Professional indemnity: Cover-all expertise
Emmanuel Kenning takes a whistle-stop tour of the post-recession professional indemnity market to find the transferable skills brokers can learn from specialists in a range of sectors.
New run-off scheme launched
Tenet has released a new run-off cover scheme which it claims will plug a hole in the professional indemnity insurance market.
Reportage - solicitors' PI: The domino effect
The much publicised troubles of Quinn and its solicitors' PI book have had a knock-on effect on other providers in the market. Liz McMahon asks what opportunities and responsibilities for brokers now exist.
PIA head urges insurers to embrace global risks
Insurers' conservative attitudes towards risks outside the UK is holding back ambitious plans to establish multi quote-and-buy systems worldwide, according to liability broker Professional Insurance Agents (PIA).
Groupama reports stagnant broking revenues
Combined revenues of Groupama Insurances' UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
Thistle establishes professional liability practice with new hire
Thistle Insurance Services, a member of the Jardine Lloyd Thompson (JLT) Group, has appointed Zahid Naqvi, as director of its professional liability practice.
Broking Success - Macbeth: Laser-focused on service
Emmanuel Kenning meets the managing director at Macbeth Insurance Brokers, who is aiming to blend the best service of the past with the technology of the future.
Name change for NCG
NCG Professional Risks, the London-based Lloyd’s insurance and reinsurance broker, has changed its name to Oxford Insurance Brokers.
Quinn confirms withdrawal from solicitors' PI
Quinn Insurance has confirmed today that it will not be re-entering the solicitors’ professional indemnity insurance market in England and Wales this year.
Dual targets SMEs via e-trading
Dual Corporate Risks has launched an e-business strategy targeting small to medium enterprise business (SME).
E-commerce: Groupama pilots ‘first stand-alone PI cover for SMEs’
Groupama Insurances has expanded its Optima online product range with the pilot launch of what it claims is the first stand-alone professional indemnity (PI) cover for small to medium- sized enterprises (SMEs).
E-commerce: RSA launches e-trading service for brokers
RSA has launched a new e-trading service for brokers as part of its bid to become a top three player in the small to medium-sized enterprise (SME) arena.
News review: July 2010
A review of July's industry news.
Agenda: KIC first half 2010 results and outlook
Letter to president Petrov Arverbeyev, Kazakhstan Insurance Company
Quinn impact: solicitors' professional indemnity problems affecting all firms
Professional indemnity (PI) premiums for small firms are set to soar by up to 30% following Quinn Insurance's withdrawal from the market.