Another professional indemnity story from Ireland as Anglo Irish Bank together with the US-based Liberty Mutual bid to take over the core business of Quinn Insurance Limited from its administrators. But ‘core’ is the key word here.
Anglo/Liberty do not want to take over the liabilities arising from Quinn’s already discontinued lines, including solicitors’ professional indemnity insurance. Under the proposed terms of the bid, responsibility for these claims would remain with the administrators along with a pool of assets designed to cover them.
Will this asset base be sufficient? It seems nobody is willing to speculate. But according to a report in independent.ie, solicitors’ professional indemnity had been one of the company’s heaviest loss-making areas.
For competitively-priced professional indemnity insurance, available for hundreds of different professions call at 0333 3211 403.
0 nhận xét:
Post a Comment