Professional indemnity (PI)
Aqueous increases capacity in professional indemnity push
The managing general agent has increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in 2022.
Hubb targets £15m to £20m GWP for 2023
The commercial usage-based broker was set up in 2020 and authorised in April last year.
News analysis: Calculating broker PI
Brokers are counting the cost of their own professional indemnity protection. Sam Barrett investigates.
Consilium adds PI cover to asbestos scheme
The product is available to asbestos removers, demolition contractors, surveyors, general building firms, and allied trades.
Pen and MUM lift lid on deal
The buy takes Pen Underwriting’s GWP up to £700m.
Pen buys Manchester Underwriting
Deal brings 50 staff and £60m in GWP to the Gallagher-owned MGA.
Purbeck launches fresh PGI cover
According to the MGA, the policy was designed as a response to insurers’ requirements of personal guarantees for run off claims.
Talbot Jones targets further growth after March Insurance deal
Managing director Richard Talbot-Jones tells Insurance Age about how the broker's recent deal for March Insurance Services came about and details his plans for the future.
Aston Lark Ireland buys again
Deal for Dublin-based Brassington Insurance is consolidator's sixth in the Republic of Ireland this year.
NFP buys Dublin-based Aiken Insurances
Acquisition provides further entry into Ireland and expands specialty expertise for the US headquartered business.
Tasker to push forward with more deals
CEO Robert Organ highlighted how recent buy, PI specialist Insure Risk, was a good fit for the business and chats through its move to join Jensten.
Jensten buys Tasker
Deal includes Tasker Insurance Brokers, Tasker & Partners, and Gresham Underwriting and brings £50m GWP to Jensten.
Biba extends PI contract with Griffiths & Armour
The broker will continue to deliver professional indemnity support to members for the next three years amid “challenging conditions”.
Blog: Is a change really as good as a rest?
MGB's Nick Bender discusses what the recent implementation of PI rules for fire safety cover introduced by RICS mean for the insurance industry and why fire safety insurance cover is the biggest issue facing the construction PI market.
Biba 2021: Call for 'unified action' on PI problems
As the cost of PI soars, and insurers exit the market, Biba panellists call for brokers and insurers to collaborate to ensure customers get value.
Biba 2021: The impact of Covid-19 on regulation
The FCA’s Matt Brewis discusses product value, business interruption insurance and the test case, challenges around PI and why the time is right to focus on cyber insurance.
PIB buys Jersey-based CBCJ
Consolidator says the PI specialist broker will be integrated into its Guernsey-based business as it plans to expand across the Channel Islands.
Inperio unveils brokers' PI product
MGA says new offering is launched in response to rising rates and concerns about availability and affordability of cover after several providers introduced Covid-19 exclusions.
Peach Pi launches product aimed at wellbeing and lifestyle sector on Acturis
The new e-trade offering, sold via brokers, provides cover for freelancers and small businesses in allied health professions such as audiologists, chiropodists and opticians, as well as complementary therapy, beauty and fitness.
Analysis: Are we moving towards market failure for high-rise buildings?
PI and property rates were hit hard following the Grenfell fire horror. Martin Friel investigates the wider insurance implications but is met with deafening silence from providers as brokers sound the alarm.
Interview: Willis Insurance and Risk Management
Managing director Richard Willis tells Ida Axling about the broker’s acquisition and growth plans and reveals the thinking behind launching a new MGA offering.
Inperio teams up with Thirdfort on solicitors' PI solution
New offering, which is distributed via brokers, will see Inperio offer reduced premiums for firms using Thirdfort's digital ID platform, with the aim to cut the risk of identity fraud.
Ardonagh buys specialist PI broker
Hera Indemnity, which specialises in professional indemnity insurance for solicitors and brings GWP of £41m, will become part of Ardonagh Advisory alongside brands including Ethos Broking, Broker Network, Compass UK and Towergate's regional branch…
Blog: Professional indemnity - Was 2020 the eye of the storm?
MGB’s Nick Bender considers the evolution of the PI market and predicts how the space will look in future.