Axis Specialty exiting PII market

05/07/2019

Axis Specialty Europe SE has taken the decision not to continue as a participating insurer for Professional Indemnity Insurance (PII) after 30 November 2019.

Next steps

Naturally this is an unsettling occurrence for insured firms. However, Axis have confirmed that claims and/or circumstances should still be notified to Axis, and Axis will continue to meet its obligations as a participating insurer.

You are advised to contact your broker regarding possible alternative insurers that you may wish to seek a quote from for the 2019/2020 renewal.

PII Resources

The common proposal form for 2019/2020 is currently being finalised and is expected to be published at the start of August. It is not expected that the form will be significantly different from the current form which can be accessed on the Society’s website.

-          View the current common proposal form

You are advised to begin the process of collating the necessary information for the form in advance of the renewal.

Helpful information on preparing for a PII renewal can be found in the Guide to Renewal on the Society’s website, including a list of current participating insurers. The list of participating insurers for 2019/2020 will be available by the first week in November.

Further information on PII can be found on the Society’s website under Insurance (PII).

Any queries should be directed to the Society’s PII Helpline at 01 879 8707 or piihelpline@lawsociety.ie.