professional indemnity News

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. …

AEGIS London Appoints King to Underwrite Global PI Book

Underwriter Martin King has been appointed to help expand AEGIS London’s professional indemnity (PI) capabilities and product offering. King joins from Novae, where he was unit head for PI and directors & officers. King has worked in the insurance market …

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 Launches PI Insurance Solution for European Technology Firms

ACE Group announced the launch of ACE Tech Pro, a comprehensive insurance solution for technology companies, as part of its strategy to meet the changing professional liability needs of different industries in Continental Europe. ACE Tech Pro is designed to …

XL Expands German Professional Indemnity Offering With Heienbrok Appointment

XL Group has expanded its professional indemnity offering in the German market with the appointment of Jens Heienbrok as professional indemnity manager. XL Group said it made this strategic appointment because the market for professional indemnity insurance cover in Germany …

R K Harrison Offers Specialist PI Product for Art Market Professionals

London-based R K Harrison Insurance Services (RKHIS), part of the employee-owned insurance broker, R K Harrison Group, has developed a new Professional Indemnity insurance policy for art market professionals. The company described the new product as the first of its …

Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa

New research, conducted by market research consultants Finaccord, reveals that “competition among underwriters of professional indemnity insurance in Australia and Canada is at least as strong as in Europe’s more developed markets while South Africa is likely to provide growth …

Mitsui Sumitomo Promotes Wood to Class Underwriter-Professional Indemnity

Mitsui Sumitomo at Lloyd’s announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its Professional Lines operation. Wood joined Mitsui Sumitomo at Lloyd’s in 2009. He has been underwriting PI risks in the London market …

UK’s Pioneer Underwriting to Launch Professional Indemnity Team

Pioneer Underwriting, which conducts business in partnership with Liberty Syndicates, has launched a new specialty unit, Pioneer PI that will commence underwriting on August 1, 2012. The new platform will be a Lloyd’s registered consortium and will write both international …

Baucher Joins Argo’s Paris Team to Manage Casualty & Financial Lines

Argo Group International Holdings announced that Valerie Baucher has joined Argo Assurances, the Argo Group’s Paris-based underwriting platform for large specialty risks. She will lead a financial lines and casualty account with French brokers. “Valerie’s expertise in setting up and …