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