Loading...

Participating insurers

 

Client Protection

Related information

Previous lists of qualifying insurers (2010 and earlier)

Insurer's agreements

Participating insurer's agreement 2013 (PDF 60 pages, 876K) – in effect from 1 October 2013

Qualifying insurer's agreement 2012 (PDF 146 pages, 665K) – in effect from 1 October 2012 to 30 September 2013

Previous qualifying insurer's agreements (2011 and earlier)

Indemnity insurance brokers

Further advice and support on brokers or professional indemnity insurance in general can be found on the Law Society website.

Appendix 1

What does it mean to be a Participating Insurer?

All insurers who are an "authorised insurer" to conduct business in the UK can become a participating insurer provided they sign a Participating Insurer's Agreement under which they agree to offer policies which meet set Minimum Terms and Conditions. The Financial Conduct Authority regulates authorised insurers.

Section 37 of the Solicitors Act 1974 allows the SRA to make indemnity rules which require solicitors or any specified class of solicitors to take out and maintain insurance with "authorised insurers".

In the Solicitors Act, "authorised insurer" means
(a) a person who has permission under Part IV of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance of a relevant class; An FCA-authorised insurance company
(b) a person who carries on an insurance market activity, within the meaning of section 316(3) of that Act; A Lloyd's syndicate
(c) an EEA Firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance of a relevant class; or An insurance company authorised by the relevant regulator in another member state of the European Economic Area (ie, the European Union plus Norway, Iceland and Liechtenstein), which is exercising its passporting rights under EU insurance directives to carry on insurance business in the UK
(d) a person who does not fall within paragraph (a), (b) or (c) and who may lawfully effect or carry out contracts of insurance of a relevant class in a member state other than the United Kingdom. An insurance company exercising passporting rights under the Treaty of Rome to carry on business in the UK (unusual).

The term "relevant class" has the meaning set out in section 87(1B) of the Solicitors Act. This definition must be read with section 22 of the Financial Services and Markets Act 2000 and any relevant order under that section and Schedule 2 to that Act.

Appendix 2

European Economic Area (EEA) Qualifying Insurers

European Economic Area (EEA) Qualifying Insurers(PDF 2 Pages, 10K) – in effect from 1 October 2013

European Economic Area (EEA) Qualifying Insurers(PDF 2 Pages, 41K) – in effect from 1 October 2012 to 30 September 2013

The Solicitors Regulation Authority does not regulate, vet or approve insurers. In order to be eligible to be a Participating Insurer an insurer must be an "authorised insurer" as defined by section 87(1A) of the Solicitors Act 1974. "Authorised insurers" are regulated by the Financial Conduct Authority. (For more information, see Appendix 1: What does it mean to be a Participating Insurer?. See Appendix 2 for information about "EEA insurers".) 

Participating insurers 2013/14

As of 1 October 2013, the following insurers are Participating Insurers for the purposes of the SRA Indemnity Insurance Rules 2012. If you have any queries, please telephone 0121 329 6425/6305.

AIG Europe Limited
[via broker only]

The AIG Building
58 Fenchurch Street
London
EC3M 4AB

Contact name: Ben Carter

Telephone: 020 7954 7000

Fax number: 020 7954 7001

Email: ben.carter@aig.com

Website: www.aig.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
As of 12 September 2013

Allianz Global Corporate & Speciality AG
[via broker only]

Allianz House
60 Gracechurch Street
London
EC3V 0HR

Contact name: David Cable

Telephone: 0203 451 3015

Email: david.cable@allianz.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors AA
A M Best A+
As of 5 September 2013

Alpha Insurance A/S
[via broker only]

Harbour House
Sundkrogsgade 21
DK-2100 Copenhagen
Denmark

Contact name: Paul Lawrence

Telephone: 0207 264 1260

Fax number: 0207 702 2894

Email: enquiries@irsllp.co.uk

Website: www.irsllp.co.uk

AM Trust Europe Limited
[via broker only]

Market Square House
St James Street
Nottingham
Nottinghamshire
NG1 6FG

Contact name: Russell Newell

Telephone: 020 7816 6327

Email: russell.newell@amtrustgroup.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Bests A
As of 5 September 2013

Amlin Syndicate 2001
[via broker only]

St Helens
1 Undershaft
London
EC3A 8ND

Contact name: Lloyd Fielder

Telephone: 020 7746 1000

Website: www.amlin.com

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A+
As of 5 September 2013

Antares Syndicate 1274
[via broker only]

Regis House
45 King Willliam Street
London
EC4R 9AN

Contact name: Ed Pickard

Telephone: 020 7407 3588

Email: edpickard@triley.co.uk

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard and Poors A+
Fitch A+
A M Best A
As of 30 September 2013

Aspen Syndicate 4711 at Lloyds
[via broker only]

30 Fenchurch Street
London
EC3M 3BD

Contact name: Richard Smart

Telephone: 020 7184 8186

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
A M Best A+
As of 30 September 2013

Aviva Insurance Limited
[via broker only]

Mezzanine Level
St Helens
1 Undershaft
London
EC3P 3DQ

Contact name: Trevor Meadowcroft

Telephone: 0207 152 2452

Email: trevor.meadowcroft@aviva.co.uk

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A
As of 5 September 2013

Axis Speciality Europe SE (Through its London Branch Axis Speciality London)
[via broker only]

4th Floor
Plantation Place South
60 Great Tower Street
London
EC3R 5AZ

Contact name: Jimmy Lambert

Telephone: 0207 877 3800

Fax number: 0207 877 3840

Website: www.axiscapital.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
A M Best A
As of 12 September 2013

Barbican Syndicate 1955
[via broker only]

Regis House
45 King William Street
London
EC4R 9AN

Contact name: Ed Pickard

Telephone: 020 7407 3588

Email: epickard@triley.co.uk

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard and Poors A+
Fitch A+
A M Best A
As of 30 September 2013

Beazley Group
[via broker only]

Plantation Place South
60 Great Tower Street
London
EC3R 5AD

Contact name: Ian Rose

Telephone: 0207 674 7155

Fax number: 0207 674 7100

Email: ian.rose@beazley.com

Website: www.beazleys.com

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A
As of 5 September 2013

Berliner Versicherung Aktiengesellschaft (Apro Management)
[via broker only]

Dukes House
32-38 Dukes Place
London
EC3A 7LP

Contact name: Wayne Redgrave

Telephone: 020 3150 0102

Fax number: 020 3150 0101

Email: wayneredgrave@apromanagement.com

Website: www.apromanagement.com

Canopius (Syndicate 4444)
[via broker only]

Gallery 9
One Lime Street
London
EC3M 7HA

Contact name: David Hunwick

Telephone: 020 7337 3624

Fax number: 020 7337 3999

Email: david.hunwick@canopius.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
As of 5 September 2013

Canopius (Syndicate 958)
[via broker only]

Gallery 9
One Lime Street
London
EC3M 7HA

Contact name: David Hunwick

Telephone: 020 7337 3624

Fax number: 020 7337 3999

Email: david.hunwick@canopius.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard and Poors A+
As of 5 September 2013

Catlin Insurance Company (UK) Limited (27 May 2013 Onward)
[via broker only]

20 Gracechurch Street
London
EC3V 0BG

Contact name: Chris Mauduit

Telephone: 020 7458 5735

Fax number: 020 7623 9101

Email: chris.mauduit@catlin.com

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A
Standards and Poors A
As of 27 May 2014

Chubb Insurance Company of Europe SE
[via broker only]

106 Fenchurch Street
London
EC3M 5NB

Contact name: Chris Pavlou

Telephone: 0207 956 5313

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A++
As of 20 September 2013

Elite Insurance Company Limited

High Holborn House
52-54 High Holborn
London
WC1V 6RL

Contact name: Angus Ogg

Telephone: 0207 264 2254

Email: aogg@elite-insurance.co.uk

Website: www.elite-insurance.co.uk

Enterprise Insurance Company Plc
[via broker only]

22-24 Ragged Staff Wharf
Queensway Quay
Gibraltar

Contact name: S Armstrong

Telephone: 00 350 2005 0191

Email: solicitorspi@eigplc.com

European Risk Insurance Company HF
[via broker only]

c/o 39 Clarence Street
Southend-on-Sea
Essex
SS1 1BH

Contact name: Richard Gibbs

Telephone: 0845 009 4392

Fax number: 0845 009 0703

Email: info@erichf.com

Website: www.erichf.com

First Title Insurance Plc
[via broker only]

Title House
33-39 Elmfield Road
Bromley
Kent
BR1 1LT

Contact name: Paul Lawrence

Telephone: 020 7264 1269

Fax number: 020 7702 2894

Email: paull@indemnityrisksolutions.co.uk

Website: www.irsllp.co.uk

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A-
As of 5 September 2013

International Insurance Company of Hannover Plc
[via broker only]

1st Floor
10 Fenchurch Street
London
EC3M 3BE

Contact name: Adam Curran

Telephone: 0207 015 4000

Website: www.inter-hannover.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard and Poors AA-
A M Best A+
As of 20 September 2013

Ironshore Europe Limited (London Branch)
[via broker only]

2nd Floor South
3 Minster Court
Mincing Lane
London
EC3R 7DD

Contact name: Peter Tsong

Telephone: 0207 337 4400

Fax number: 0207 337 4407

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A
As of 12 September 2013

Liberty Mutual Insurance Europe Limited
[via broker only]

3rd Floor
Two Minster Court
Mincing Lane
London
EC3R 7YE

Contact name: Melanie O'Neill

Telephone: 0207 860 6600

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A
As of 5 September 2013

Liberty Syndicate 4472
[via broker only]

Regis House
45 King William Street
London
EC4R 9AN

Contact name: Ed Pickard

Telephone: 020 7407 3588

Email: epickard@triley.co.uk

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard and Poors A+
Fitch A+
A M Best A
As of 30 September 2013

Pembroke Syndicate 4000
[via broker only]

2nd Floor South
3 Minster Court
Mincing Lane
London
EC3R 7DD

Contact name: Tom Pexton

Telephone: 0207 337 4400

Fax number: 0207 337 4401

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
As of 12 September 2013

QBE Insurance (Europe) Limited
[via broker only]

Plantation Place
30 Fenchurch Street
London
EC3M 3BD

Contact name: Mark Casady

Telephone: 0207 105 4166

Fax number: 0207 105 4014

Email: mark.casady@uk.qbe.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
Fitch A+
A M Best A
As of 5 September 2013

QBE Syndicate 1886
[via broker only]

Plantation Place
30 Fenchurch Street
London
EC3M 3BD

Contact name: Mark Casady

Telephone: 0207 105 4166

Fax number: 0207 105 4017

Email: mark.casady@uk.qbe.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors 4 LSA
Moodys B+
As of 12 September 2013

QBE Syndicate 386
[via broker only]

Plantation Place
30 Fenchurch Street
London
EC3M 3BD

Contact name: Mark Casady

Telephone: 0207 105 4166

Fax number: 0207 105 4017

Email: mark.casady@uk.qbe.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors 5 LSA
Moodys A
As of 12 September 2013

RSA Insurance
[via broker only]

Leadenhall Court
1 Leadenhall Street
London
EC3V 1PP

Contact name: Steve Abrahams

Telephone: 020 7337 5518

Website: www.rsagroup.com

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
Moodys A2
As of 5 September 2013

Travelers Insurance Company Limited

Exchequer Court
33 St Mary Axe
London
EC3A 8AG

Contact name: Philippa Wilkin

Telephone: 0203 207 6535

Email: solicitors@travelers.com

Website: www.travelers.co.uk/solicitors

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors AA
As of 12 September 2013

Travelers Syndicate Management Limited

Exchequer Court
33 St Mary Axe
London
EC3A 8AG

Contact name: Philippa Wilkin

Telephone: 0203 207 6535

Email: solicitors@travelers.com

Website: www.travelers.co.uk/solicitors

Financial rating

Rating agency Credit rating/Insurer strength rating
Standard & Poors A+
As of 12 September 2013

W R Berkley Insurance (Europe) Limited
[via broker only]

2nd Floor
40 Lime Street
London
EC3M 7AW

Contact name: Anthony Judge

Telephone: 0207 280 9000

Fax number: 0207 280 9090

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A
Standard & Poors A
As of 5 September 2013

XL Insurance Company Plc

70 Gracechurch Street
London
EC3V 0XL

Contact name: Lara Smallshaw

Telephone: 0207 933 7000

Fax number: 0207 469 1000

Email: lara.smallshaw@xlgroup.com

Website: www.xlgroup.com

Financial rating

Rating agency Credit rating/Insurer strength rating
A M Best A
Standard & Poors A
Moodys A2
Fitch A
As of 5 September 2013

Zurich
[via broker only]

London Underwriting Centre
3 Minster Court
Mincing Lane
London
EC3R 7DD

Contact name: Jenny Screech

Telephone: 0845 606 3322

Fax number: 0845 600 4036

Email: jenny.screech@uk.zurich.com

Notes

For details of Zurich's credit rating please refer to their website.