Professional indemnity (PI)
Brokers struggling to offload PI books
Brokers offered insurers books of scores of law firms without scrutinising their ability to pay out on claims, it has been reported.
Law firms scrambling for PI cover amid rate hikes
Scores of law firms are reportedly facing a battle to secure professional indemnity (PI) insurance cover in time for the 1 October renewal deadline, with rates up by some 40% compared to last year.
Marsh warns of "worrying trend" for unrated PI insurers
Marsh has cautioned that the presence of unrated insurers in the small and medium-sized professional indemnity (PI) space is a "worrying trend".
HCC unveils two new PI team arrivals
HCC International has added two new underwriters to its professional indemnity (PI) division.
Berliner exits UK solicitors' PI market
Insurer Berliner is withdrawing from the UK solicitors’ professional indemnity (PI) market.
What The Papers Say: September 2013
Michael Gaughan joined Andrew Pearce and Emmanuel Kenning to discuss the spat between Biba and the Law Society over solicitors’ professional indemnity insurance.
XL pulls back from solicitors’ PI market
Broker concerns remain over placing business with unrated insurers
Law Society hits out at brokers with new solicitors' PI offering
A new professional indemnity (PI) insurance solution has been launched for small solicitor firms.
Ex-Aviva PI team members launch new MGA
Members of the former Aviva SME professional indemnity (PI) team have launched managing general agency (MGA) Pinpoint Underwriting.
PIA promotes two to share MD role
Professional Insurance Agents, the Eastbourne-based broker, has appointed two employees to share the role of managing director.
Aon and QBE aim to snap up more solicitors' PI business after XL withdrawal
Aon Risk Solutions has extended its exclusive arrangement with QBE Insurance (Europe) for solicitors’ professional indemnity (PI) to include one to three partner firms.
QBE promotes new financial lines chief
QBE has appointed Simon Quinn as underwriting manager for its professional and financial lines (PFL) national practice.
Ace recruits AIG’s Russell for PI role
Ace Group has appointed Geoff Russell as regional senior professional indemnity (PI) underwriter, UK and Ireland.
Miller takes on second Paragon man in two months
Miller has taken on its second former Paragon International man in two months.
Raft of senior changes at Willis-acquired Prime Professions
A raft of directorial changes has taken place at Willis' recently-acquired professional indemnity specialist Prime Professions.
Liquidation-threatened Balva third biggest UK PI provider
Liquidation-threatened Balva was the UK's third biggest professional indemnity (PI) insurer during 2012/13 with a 9% market share, the Law Insurer's Guide has revealed.
Biba and Kingsbridge pair up to launch PI scheme for freelancers
The British Insurance Brokers’ Association (Biba) has launched a professional indemnity scheme for freelance professionals in conjunction with Kingsbridge Professional Solutions.
1 Answer partners with THB for PI
1 Answer has partnered with THB Group to roll out professional indemnity (PI) insurance to all of its members and their clients.
JLT Specialty voices concerns on unrated markets
JLT Specialty has raised concerns about solicitors placing professional indemnity (PI) insurance in unrated markets.
Jelf and Hiscox launch interim management products
Jelf and Hiscox have teamed with the Interim Management Association (IMA) to launch two products for the sector.
Unrated Latvian insurer Balva faces liquidation
Unrated Latvian insurer Balva, which is believed to provide professional indemnity (PI) insurance to 1,300 UK firms, has had its operating licenses withdrawn in a bid to protect customers.
S-Tech expands PI offering with broker buy
S-Tech Insurance Services has acquired professional indemnity (PI) specialist broker Scott Taylor Associates (STA).
UIB and Elite in renewed assault on UK solicitors' PI market
UIB has renewed its binding authority capacity deal with Elite Insurance for another year.
MGAA awards Gallagher preferred PI provider status
Gallagher London has been named a preferred provider of professional indemnity (PI) insurance by the Managing General Agents’ Association (MGAA).
