When Latvian professional indemnity insurer (PII) Balva went into liquidation, it sent shock waves through the profession. Then underwriter Berliner exited the market. The result? Hundreds of firms are scurrying to find cover. The situation looks grim.
SRA confirms 153 uninsured firms face closure
Up to 175 firms at risk of closure after failing to secure indemnity cover
Aon steps into the breach after XL and AIG reduce PII exposure
PII implosion looms as underwriter Berliner exits market