THE world's largest independent, privately owned, global insurance broker has entered the UK Professional Indemnity Insurance (PII) market signing exclusive agreements with three UK underwriters.
In a bid to help reduce costs for UK IFAs in the crowded UK PII marketplace, insurance giant Lockton has signed agreements with Hiscox, Liberty and QBE to offer insurance brokers a choice of exclusive Lockton PII products. The products each have distinct wordings and are suited to varying financial services business needs. Mark Roddis, director at Lockton, said: “Each of the products has been designed in conjunction with our clients; their needs have been at the forefront of our minds when developing the schemes. “Each will appeal to different insurance brokers with varied prior...
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