Broker Marsh is in discussions with two major insurers to open their doors to two- and three-partner firms, it has said.
At a press briefing last week, Janine Parker, head of solicitors’ professional indemnity, said that Marsh is ‘trying to put together a solution for two- and three-partner firms’ with ‘two A-rated insurers not currently insuring that segment’.
However, the company declined to name the insurers involved, or provide further details of the cover that will likely be offered.
More than 3,000 law firms and sole practitioners may need to find alternative cover during the coming renewals season because of the expected departure of Quinn from the market, and an announcement by Hiscox that it is pulling out of solicitors’ PII altogether.
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