Professional indemnity (PI)

Start-up brokers: New Year, new start-up?

What's on your New Year's resolutions for 2011? Get fit, give up the fags, start a new broking business? Malcolm Lee sets out what you need to consider to be a successful start-up broker.

Video: Surviving the construction PI market in a recession

As the UK’s construction sector struggles to come to grips with the current recession, attention within the insurance industry has focused upon the professional indemnity (PI) exposures associated with construction and particular emphasis has been placed…

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.

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.

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).

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