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From a cyber security perspective, law firms have long been considered the soft underbelly of professional services firms, though we have seen many larger firms investing more in cyber security following incidents like the Panama Papers leak.

In its fourth annual Global M&A Insurance Index, JLT Specialty (JLT), the specialist insurance broker and risk consultant, has found that a drop in premium rates in 2017 led to an increase in insurance cover for mergers and acquisitions (M&A) transactions, signalling that clients prefer greater levels of protection and enhancements to their policy beyond the traditional “standard” scope of Warranty and Indemnity (W&I) insurance.

JLT Specialty (JLT), the specialist insurance broker and risk consultant, has appointed Hayley Tennant as Partner within the Mergers & Acquisitions (M&A) Insurance practice.

JLT Specialty (JLT) the specialist insurance broker and risk consultant has appointed leading Professional Indemnity specialist, Marco D’Ovidio, to its UK Professions team. He will be based in JLT’s Bristol office.

Whilst in the past we have seen a number of insurers (for example Quinn, Balva, Enterprise) involved in the solicitors professional indemnity (PI) market get into financial difficulties, it was the hope that insurer failure was a thing of the past. Unfortunately, this does not seem to be the case, as demonstrated by the news that an administrator has been appointed over the insurer CBL Insurance Europe by an Irish court, to avoid the risk of a “disorderly failure”.