Solicitors’ professional indemnity insurers

The Law Society’s Insurers’ Guide has revealed that, for the 2012/2013 period, the market share by insurer based on number of firms insured is as follows:

  • XL – 23%
  • Travelers – 15%
  • Balva – 9%
  • Zurich – 8%
  • First Title – 7%
  • QBE – 7%
  • Allianz – 4%
  • Chartis – 4%
  • Alpha – 3%
  • Axis – 3%
  • Enterprise – 2%
  • Liberty – 2%
  • WR Berkley – 2%
  • AM Trust – 1%
  • Aviva – 1%
  • Elite – 1%
  • ERIC – 1%
  • Barbican – <0.5%
  • Chubb – <0.5%
  • Hannover – <0.5%
  • RSA – <0.5%
  • Other – 3%
  • Unknown – 4%

It’s interesting to note the market share of the unrated insurers – Balva, of course, had its operating licenses withdrawn and has been threatened with liquidation.

The Chartered brokers at Hine have access to all of the Qualifying Insurers. Call 0161 438 0000 and put us to the test or download our proposal form here

Default image
erinkeltner
Articles: 258
Call Email WhatsApp Blog
Skip to content