Professional Indemnity (PI) News

UK’s Global Risk Partners Acquires Cavendish Munro Professional Risks

Global Risk Partners Ltd. (GRP), the insurance broking and managing general agent investment vehicle, has completed its acquisition of Cavendish Munro Professional Risks Ltd., the specialist retail broker. Cavendish Munro is a London-based professional indemnity (PI) specialist, focused primarily on …

BHSI Launches D&O & PI Cover in Australia, Expands Team

Berkshire Hathaway Specialty Insurance Company (BHSI) has launched four new executive and professional lines policies in Australia and named Sami Jaghbir as senior underwriting manager, Executive & Professional Lines, in Brisbane, and Richard Johnson as senior underwriting manager, Executive & …

UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report

The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …

ACE Report Cautions Multinationals About Rising Professional Indemnity Risks

Increasing numbers of international firms are being exposed to the risk of professional negligence, misrepresentation, or breach of duty claims when operating both at home and abroad, according to a report published by ACE Group. There are increasing numbers of …

ACE Appoints Russell Regional Sr. Prof. Indemnity Underwriter UK/Ireland

ACE Group announced the appointment of Geoff Russell as Regional Senior Professional Indemnity Underwriter, UK and Ireland, effective immediately. The appointment is part of the company’s investment in “expanding its underwriting capabilities throughout its network of regional offices.” In the …