ACE Global Markets, a subsidiary of ACE Ltd. and one of the largest providers of insurance capacity at Lloyd’s, and Hammond Suddards & Edge, the UK’s seventh largest commercial law firm, have launched a dedicated claims service for solicitors.
Beginning Sept. 1, solicitors will purchase the first layer of their compulsory professional indemnity cover from the open market. ACE Global Markets was one of the first insurers to be approved by the Law Society to provide professional indemnity cover under the new open market arrangements. The policies will be led and underwritten by Syndicate 2488 via traditional brokers and AGM’s service company, ACE Underwriting Services.
Topics Claims New Markets
Was this article valuable?
Here are more articles you may enjoy.
LA Port Strike Risk Pushed to Friday as Labor Talks Continue 
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement 
AIG’s General Insurance Q3 Underwriting Income Down 29% 
Allstate’s AI Ecosystem to Include a Personal Agentic Assistant for Customers 
