Professional Indemnity – Page 3
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News AnalysisInsurers make brokers’ ‘life hell’ when dealing with professional indemnity claims
Improving broker and insurer relationships in the PI market include ‘getting back to the basics’ and investing in internal claims teams, rather than insurers ‘just hiding behind the broker’
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NewsSoaring PI costs causing law firms to close – Hazlewoods
Insurers were exiting or reducing their capacity in the ‘unprofitable’ market, says the firm
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NewsCNA Hardy launches additional cyber cover for technology businesses
The insurer’s new product also includes first party and thid party cyber cover as standard
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IT Awards 2022Insurance Times Awards 2022: Purbeck Insurance Services has been ‘agile’ and ‘innovative’ around new product development
Todd Davison, managing director of Purbeck Insurance Services, highlights why his firm should win the MGA Initiative of the Year prize at the 2022 Insurance Times Awards
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NewsSolicitors PI sees positive renewal trends, but firms’ financial health remains key to cover
Professional indemnity premiums for solicitors are showing ‘true signs of stabilising’, according to broker
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NewsGovernment steps in to address cladding cover shortage for assessors
The five-year scheme sees the government liaise with an MGA, reinsurer and technology provider to address protection gap
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NewsSuperscript advisory arm authorised as Lloyd’s broker in Europe
The insurtech and Lloyd’s broker advisory arm has seen registered interest in Europe exceed projections by more than 20%
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NewsBroker AssuredPartners gains ‘renewed confidence’ with PII provider buy
Inking the deal will allow the broker to ‘maintain its DNA’ while expanding the business, says founder
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NewsServca acquires healthcare specialist Lloyd’s broker
The acquisition will allow the firm to bolster its expertise in medical lines
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NewsRecession hits construction firms hard
To avoid insolvencies, the insurance industry has a responsibility to provide clarity and understanding for clients
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Sponsored ContentHow tech firms can minimise their risk of litigation when doing business in North America — Travelers
Travelers’ Mark Lawrence considers the importance of worldwide liability cover for technology firms.
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NewsCertua partners with global insurer on cover bundle for small scheme and programme business
The deal aims to help brokers find a solution in a market that has ‘become increasingly difficult to underwrite profitably’, says chief executive
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AnalysisThe Big Question October 2022: What is the current state of play in the construction professional indemnity market?
Insurance Times asks industry leaders about the current construction PI market as headwinds hit the sector following the likes of the Grenfell Tower tragedy
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NewsGovernment-backed PI scheme for EWS1 assessors launched
The new professional indemnity scheme will fix the issue of a stalled mortgage market for mid and high-rise buildings, says chief executive
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AnalysisBriefing: Brokers fear professional indemnity market crunch will only worsen
Despite the industry’s attempts to mitigate construction PI risks, capacity is still being squeezed in this line of business
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Sponsored ContentSoft market in current climate would be chaos – Manchester Underwriting Management
Richard Webb, director at Manchester Underwriting Management, explains why he thinks a soft market would be ‘catastrophic’ amid claims inflation, global wars and UK leadership changes
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NewsIUA tackles high-rise fire safety risks with new model insurance clause
The representative body hopes that its new clause will provide underwriters with ‘greater confidence to offer effective insurance solutions’ to firms that are working to remove dangerous cladding from high-rise buildings
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NewsLondon market showcases ‘great degree of optimism’ around PI risks – Clyde and Co
However, this optimism is tempered by a ‘wariness of macroeconomic and inflationary pressures’
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Sponsored ContentTravelers: Why smaller solicitor clients need professional indemnity insurance
James Graham, deputy head of professional indemnity and cyber at Travelers, outlines the best practices to follow when advising on PI cover for smaller solicitors - their reputations will likely depend on it
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NewsM&A activity in the MGA market is not fuelled by private equity – MUM
Plus, data is becoming increasingly important as it provides ’some real insight into your numbers’, which insurers want, says chief executive
