Chartis leads table with 18% share and £38.56m written, closely followed by Hannover
The Solicitors Regulation Authority has revealed details of insurer's market share for 2010/2011 solicitors professional indemnity insurance (PII).
This year's total premium pool was £213.6m, down from £241m last year, with Chartis snapping up £38.56m (18%) - the largest of all insurers. It was closely followed by Hannover (14.4%) and XL (13.3%).
Solicitors' PII market share for 2010/2011 (Top 20):
1. Chartis Insurance (UK) Ltd (formerly AIG) 18.057% = £38.56m
2. International Insurance Company of Hannover 14.412% = £30.78m
3. XL Insurance Ltd 13.332% = £28.47m
4. Zurich Professional Limited 12.900% = £27.5m
5. Travelers Insurance Co Ltd 11.037% = £23.5m
6. QBE International Insurance Limited 8.218% = £17.55m
7. Allianz Global Corporate & Specialty AG 6.409% = £13.2m
8. Aviva Insurance Limited (prev Norwich Union) 4.244% = £9.056m
9. Lemma Europe Ins Co Ltd 2.926% = £6.14m
10. Royal & SunAlliance Insurance PLC 2.243% = £4.78m
11. W. R. Berkley Insurance (Europe) Limited 1.826% = £3.88m
12. Alpha Insurance 0.856% = £1.82m
13. Liberty Mutual Insurance Europe Limited 0.635% = £1.35m
14. Solicitors Indemnity Mutual Insurance Assoc Ltd 0.552% = £1.17m
15. Aspen Insurance UK Ltd 0.539% = £1.15m
16. QBE D A Constable Syndicate 386 0.518% = £1.10m
17. Chubb Insurance Company of Europe SE 0.468% = £0.99m
18. Pembroke Syndicate 4000 0.435% = £0.93m
19. Barbican Syndicate 1955 C/O Libra 0.235% = 0.50m
20. AG Dore & Others Syndicate 2526 0.157%= £0.33m
ACE and QBE J Neal Syndicate 1886 did not write any business.
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