LONDON, 1 September 2009 – Aon, the UK's leading insurance broker, will be working with XL Insurance to bring new capacity, and thus more competition and innovation, to the solicitors' professional indemnity (PI) market.
XL Insurance has strong credentials in the PI market, having underwritten PI insurance on an excess of loss basis in the UK and on a primary basis in the US since 2003, covering over 6000 US law firms. The insurer has worked closely with Aon to identify the needs of solicitors in England and Wales to offer appropriate cover.
Ryan Senior, Director for Aon's specialist professional services group, said: "Solicitors want the confidence that whatever their size, they will be able to access competitive rates and market-leading cover. Working with XL Insurance reinforces Aon's commitment towards this."
"At XL Insurance we have many years' underwriting experience in the PI market," added Bill Wharton, Chief Underwriting Officer, Professional Lines UK for XL Insurance. "We are pleased to be supporting legal firms in England and Wales as a primary PI insurer."
Aon will seek to provide a quotation from either XL Insurance or its existing partner, QBE, depending on the firm's profile and cover requirements, whether a small sole practitioner or a larger ten partner firm.
Solicitors can access the exclusive schemes at www.aon.co.uk/solicitors.
Aon also provides a customised approach for larger firms of 11 partners or more.
Ends
For more information contact:
Alexandra Lewis, Aon
020 7882 0541
Alexandra.lewis@aon.co.uk
http://aon.mediaroom.com
Sebastian Kadritzke, XL Services UK Limited
+44 (0)20 7933 7927
sebastian.kadritzke@xlgroup.com
About Aon
Aon Corporation (NYSE: AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 37,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007 and 2008, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.
Sign up to receive Aon news alerts by email or RSS feed at: http://aon.mediaroom.com/index.php?s=58.
Safe Harbour Statement: http://aon.mediaroom.com/index.php?s=67
Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.
About XL Insurance
“XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance and its products is available at www.xlinsurance.com. Through its operating subsidiaries, XL Capital is a leading provider of global insurance and reinsurance coverages and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at www.xlcapital.com.
Access international media contacts, the full library of Aon media releases, and a media kit with fact sheet and executive bios, via links below.