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News - Hiscox enters new PI sector.
(From Post Magazine)
Hiscox is aiming to capture 25% of the new professional indemnity market for secondary insurance intermediaries, such as dentists, vets and motor traders with a new product launch. Its move follows a similar endeavour from Royal & Sun Alliance two weeks ago, which is also targeting the sector (PM, 17 June, p4).
From January 2005, the regulation of the general insurance market by the Financial Services Authority will mean that all insurance intermediaries will be legally required to buy PI cover.
According to Hiscox, although there ...
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