XL Insurance takes the top spot with 18.2% market share

solicitors

The amount of premium in the UK solicitors’ professional indemnity (PI) insurance market has risen by £42.2m this year, with £255.7m of premium written at the 2011-2012 renewal compared to £213.5m the previous year.

XL is the insurer with the biggest appetite, with £46.7m of premium and an 18.2% market share, according to official Capita figures seen by Insurance Times.

Last year XL wrote £28.4m and was the third-largest insurer in the sector.

Inter Hannover was still the second-largest insurer and kept a similar appetite to the 2010-2011 year, writing £31.9m of business compared to £30.7m the year before.

QBE wrote £30.1m in the sector, up from £17.5m the year before.

For the full rankings, including year-on-year comparisons and analysis, click here.

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