Aon, Ireland’s leading insurance broker, and XL Insurance have agreed an exclusive partnership to bring new capacity to the solicitors’ professional indemnity (PI) market in Ireland.
XL Insurance has strong credentials in the PI market, with a successful European PI insurance operation in the UK as well as being one of the largest PI underwriters in the US. Aon has been broking PI in Ireland since 1978 with nearly 20% of the market share, including a number of solicitors with an unbroken association with Aon for over 30 years. The insurer and broker have been working closely to identify the needs of solicitors to offer tailor made solutions for the Irish market. This follows the successful partnership between Aon and XL Insurance offering solicitors’ PI cover in the UK.
Gerry Conway, director of Aon’s professional indemnity team, 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 offering market leading professional indemnity insurance for Irish solicitors.”
Bill Wharton, Chief Underwriting Officer, Professional Lines UK & Ireland for XL Insurance added: “XL Insurance has many years’ underwriting experience in the PI market,” added . “We are pleased to be supporting legal firms in Ireland as a primary PI insurer as well as bringing much needed capacity and competition to the market.”
David Gallagher, Country Manager for XL Insurance in Ireland noted: “We have had a presence in Dublin’s International Financial Services Centre (IFSC) since 1990”. “Over the last two decades XL Insurance has built a reputation for underwriting expertise and service excellence and this is a further opportunity to strengthen our product offering in the Irish market.”
Aon will be working exclusively with XL Insurance to offer quotations across the spectrum of a firm’s profile and cover requirements, ranging from a small sole practitioner or a larger multi-partner firm.
Solicitors can access the exclusive scheme at www.solicitors.aon.ie
