Accredited Insurance (Europe) Limited (AEIL), the European subsidiary of specialist non-life re/insurance investor Randall & Quilter Investment Holdings, has partnered with specialist MGA Inperio (London) Limited on professional indemnity (PI) cover for UK solicitors.
Together, Accredited and Inperio plan to launch the first PI policy focused on freelance UK solicitors regulated by the Solicitors Regulation Authority, following a recent rule change.
“We are really excited to be supporting Inperio, and offering this new and much needed product to freelance solicitors,” said Colin Johnson, CEO of AIEL Program Management.
“It reflects the strength of our relationship which combines Inperio’s expert underwriting and knowledge of the market with Accredited’s strong balance sheet, high quality capacity and a culture of acting swiftly to meet customers’ ever-changing requirements,” Johnson continued.
“This is a natural extension to our existing business with Simon and his team at Inperio and we are confident this new policy will enjoy the same success.’’
Inperio CEO Simon Lovat also commented: “As an MGA who specialises in the provision of professional indemnity insurance to legal firms, we are excited to continue to support the legal profession with the launch of the Freelance Solicitors policy.”
“Since the introduction of the new Freelance Solicitors regulations in November 2019 the legal industry has been looking for a suitable solution and now we are in a position to offer it.’’
