Insight and Intelligence on the London & International Insurance Markets

4 February 2012

‘Catastrophic’ UK solicitors’ PI market lurches towards renewal

9 August 2010

It is crunch time for UK solicitors' professional indemnity (PI) insurers, and carriers are deciding if they are in or out as the key 1 October renewal approaches - when the market's entire £200mn+ in premium changes hands.

Insurers including Catlin and Hiscox have recently withdrawn from solicitors' PI lines amid soaring costs for funding the last resort Assigned Risk Pool (ARP). Meanwhile, the implications of the withdrawal of the market's largest single writer, Irish insurer Quinn, are being digested...

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