In the Media

Four firms secure half of PII market, says SRA

PUBLISHED November 10, 2011

Four insurance firms secured more than half the market share of professional indemnity insurance in 2011, according to figures released by the Solicitors Regulation Authority. More than 18% of law firms took out initial PII with XL Insurance, the leader in the market, for 2011/12. The next most prominent insurers were Hannover (12.5%), QBE International (11.8%) and Travelers Insurance (11.6%). In total, 10,917 practices operating in England and Wales secured compulsory qualifying insurance with a record-equalling total premium income of ?255.7m. read more