| |
| |
Royal & SunAlliance announces new structure for its Professional Indemnity business (Created:
28th March 2007) |
|
| |
Following the acquisition of Martello Underwriting Limited in 2006, Royal & SunAlliance (R&SA) has today unveiled its new structure for its Professional Indemnity (PI) business – due to take effect in July this year. The changes are being made to strengthen R&SA’s position as a leading provider of professional indemnity insurance, and new products and an enhanced serv
... Read more |
| |
|
| |
| |
Contractors - watch out for other professionals errors (Created:
30th January 2007) |
|
| |
A recent decision by the court of Appeal in CGA Brown Limited –v- Carr provides a warning to contractors about relying on an architects plans and drawings. Click on the link below to read more: http://www.pidirect.co.uk/pinews/newsgd19.pdf
... Read more |
| |
|
| |
| |
Martello Sale to Royal & SunAlliance (Created:
13th November 2006) |
|
| |
Martello Underwriting Limited (“Martello”), the holding company for Martello Professional Risks Limited, the specialist professional indemnity insurance agency, which trades as PI Direct, PI Brokerlink, Magian Underwriting and Saturn, has agreed a sale of the entire business to Royal & SunAlliance (“R&SA”), subject to regulatory approval, for £38.5m in c
... Read more |
| |
|
| |
| |
Run-off – Are you adequately covered? (Created:
3rd November 2006) |
|
| |
When any professional practice comes to an end it is essential that it continues to have PI cover for claims which might be made, after the practice has ceased, in respect of work carried out previously. Run-off cover is not just for retired professionals, if you cease trading for any reason you may be left exposed in respect of previous work undertaken. We are one of the few insurers in the marke
... Read more |
| |
|
| |
| |
Solicitors Quotes within 2 hours ! (Created:
14th September 2006) |
|
| |
If you are a solicitor and haven’t had terms from PI Direct call us on 020 7337 7500 and we will get them to you within 2 hours.You do not need to fill in a new form, simply fax or e-mail your existing proposal and we will provide you with a quote.We offer a truly different claims service as we are the ONLY underwriter to exclusively use in-house solicitors to deal with claims (subject to conflict
... Read more |
| |
|
| |
| |
Professional Indemnity for IT Consultants (Created:
14th August 2006) |
|
| |
As part as our continuing commitment to improve the service we provide we have expanded the range professions we serve to include IT consultants. Whether you are freelance, a consultant or contractor our policy is tailored to meet your specific needs. We provide cover for a range of services, including designing, producing or supplying items such as software, hardware, filmware, cabling and elec
... Read more |
| |
|
| |
| |
PI Direct expands its range of miscellaneous professions covered (Created:
31st July 2006) |
|
| |
We are pleased to announce that we have extended the range of miscellaneous professions we insure to include the new and emerging professions – as well as the more traditional. If you offer a specialist service and are looking for a solution to your PI requirements we are happy to assist. We cover an extensive range of occupations from Feng Shu consultants to Private Investigators….Fashion Design
... Read more |
| |
|
| |
| |
The renewal of solicitors professional indemnity policies is fast approaching. (Created:
28th July 2006) |
|
| |
We underwrite solicitors' cover on behalf of Catlin Insurance (UK) Limited and issue all quotations on a net basis. As you can obtain quotations direct without the use of a broker your terms may be cheaper than would otherwise be the case, as you will not be paying the additional cost of a broker’s commission or fee.PI Direct are very aware of the impact a claim can have on the financial standing
... Read more |
| |
|
| |
| |
PI Direct Sponsors 'TukToTheRoad' (Created:
5th June 2006) |
|
| |
PI Direct is pleased to be a sponsor for “tuktotheroad”, a travel venture, in aid of Mind, the mental health charity.
Two young ladies, Jo Huxster and Antonia Bolingbroke-Kent left Bangkok on 28 May to drive a tuk tuk to Brighton, via Laos, China, Kazakhstan, Russia, Ukraine, Poland, Czech Republic, Germany and France.
Their progress can be followed through their diary on TukToTheRoad.co.uk
... Read more |
| |
|
| |
| |
Martello Underwriting Limited appoints Andrew Wallas as Chairman (Created:
10th October 2005) |
|
| |
Andrew Wallas is to become the Non-executive Chairman of Martello Underwriting Limited, with effect from 1 September 2005.Andrew Wallas recently retired from Glencairn Limited, the well established City broking firm which he founded in 1993. He is one of the most respected figures in the London professional indemnity market, having started his career with Nelson Hurst & Marsh, where he was Ma
... Read more |
| |
|
| |
| |
Collegiate establishes PI scheme with PI Brokerlink (Created:
31st January 2005) |
|
| |
Collegiate Insurance Brokers has appointed PI Direct's broker-dedicated sector PI Brokerlink to provide a professional indemnity scheme for MAPIC members.MAPIC is a professional indemnity insurance mutual (in run-off) for small to medium sized accounting practices managed by Collegiate.MAPIC members have previously obtained PI cover through a Lloyd's facility arranged by Collegiate Management Serv
... Read more |
| |
|
| |
| |
PI Direct and Saturn combine to form the largest professional indemnity underwriting agency Group in the UK (Created:
6th August 2004) |
|
| |
PI Direct (“PID”), through the creation of a new holding company, is combining with Saturn Professional Risks (“Saturn”). The new holding company is owned by the management of both companies and new investors Penta Capital (“Penta”). Although both PID and Saturn will continue to operate independently, the new Group is now effectively the largest specialist professional indemnity underwriting age
... Read more |
| |
|
| |
| |
PI Direct targets secondary intermediaries (Created:
12th July 2004) |
|
| |
PI Direct, the professional indemnity underwriting agency, has expanded its insured professions to include secondary intermediaries such as motor traders, retailers, opticians, dentists and hire firms. The product is being offered through its subsidiary PI Brokerlink and underwritten by Hiscox.
PI Direct said the secondary intermediary market represented a potentially large pool of new clients
... Read more |
| |
|
| |
| |
PI Direct’s claims service recognised by the insurance industry (Created:
1st July 2004) |
|
| |
PI Direct’s claims service is unique. Its in-house lawyers deal with all claims from the beginning to end. This is a new and radical development in professional indemnity insurance. There are many benefits for insureds. Nuisance claims are a common problem for small professional practices. PI Direct’s claim team are able to deal with them effectively. This helps insureds to keep good claims
... Read more |
| |
|
| |
| |
PI Direct take over Association of Accounting Technicians scheme (Created:
1st January 2004) |
|
| |
On 1 January 2004 PI Direct took over the administration of the scheme for the Association of Accounting Technicians (AAT) from Anthony K Falcon.
The scheme currently insures a third of all self employed AAT members and continues to be backed by Royal & Sun Alliance (RSA).AAT members continue to be rated as a stand alone scheme and as such are able to take full advantage of competitive premiums. |
| |
|
| |
| |
IFAs and insurers appointed to board of Magian Mutual (Created:
14th September 2003) |
|
| |
Magian Mutual, the new insurance company set up to provide compliant professional indemnity cover for Independent Financial Advisers, has appointed a board of non-executive directors to run the company, following FSA authorisation being obtained on 12 May 2003. There are three directors from the IFA industry, Valerie Gaze, Steven Rimmer and Dale Thornley and three directors with insurance backgrou
... Read more |
| |
|
| |
| |
Professional indemnity cover for IFAs to be provided by PI Direct (Created:
14th May 2003) |
|
| |
The severe shortage of professional indemnity underwriting capacity for independent financial advisers is being addressed by leading underwriting agency PI Direct.
PI Direct has acquired established IFA PI provider Magian Underwriting Agency and together they have created an FSA authorised mutual, to be named Magian Mutual, to provide new PI capacity exclusively for IFAs. The new Mutual obtaine
... Read more |
| |
|
| |
| |
PI Direct Moves Underwriting Capacity to Hiscox (Created:
4th February 2003) |
|
| |
Hiscox Insurance Co (HIC) and PI Direct today announced that Hiscox would provide 100% capacity for PI Direct’s general professional indemnity business from 1 March 2003. SVB has provided PI Direct with capacity on the general book for the last six years.
The new deal between Hiscox and PI Direct brings together two organisations with a common target market. It allows Hiscox to continue its
... Read more |
| |
|
