Quinn confirms solicitors' PI exit

Quinn Insurance says it will not be re-entering the Solicitors’ professional indemnity insurance market in England and Wales this year.

The admission comes after it was today revealed that Travelers has reached an exclusive agreement with Quinns former broker, Prime Professions, to offer cover to sole practitioners.

Quinn Insurance, currently in administration, said in a statement: "Quinn Insurance Limited (QIL) confirms that it will not be re-entering the Solicitors’ Professional Indemnity Insurance market in England and Wales this year.

"QIL therefore believes that it is in the best interest of its policyholders to advise them at this point that it will not be in a position to participate in solicitors’ professional indemnity insurance market for the upcoming 2010-2011 renewal period."