Unrated insurer provided cover for 9% of the market

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The Law Society’s Insurers’ Guide has revealed Balva was the third biggest professional indemnity (PI) insurer by number of firms insured.

The unrated insurer provided cover for 9% of solicitors over 2012-13, with XL covering the biggest share of the market with 23% (see below).

Aon Risk Solutions was the largest solicitors’ PI broker, accounting for 42% of the overall market, with Prime Professions being the second biggest, arranging cover for 22% of solicitors (see below).

 

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.