Twelve insurers will be contending for the £250m bean feast of solicitors' professional indemnity premiums that will be released to the open market from September 1.
The new PI market was created by the decision to scrap the solicitors' mutual fund, the Solicitor's Indemnity Fund (SIF), which previously enjoyed a monopoly to insure the first £1m of PI cover for the 15,000 law firms in England and Wales.
Six firms will be able to offer cover solely through brokers.
The St Paul has won the contract to run the Law Society's own in-house scheme, which is favourite to win the lion's share of the market. The insurers are:
(Via broker only)
(Direct)
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
