The Australian Securities and Investments Commission is arguing that obtaining professional indemnity insurance is not as big a problem for financial planning licensees as some might suggest.
[December 30, 2020]
Doo Prime Bahamas Limited Secured the Professional Indemnity (PI) Insurance
NASSAU, Bahamas, Dec. 30, 2020 /PRNewswire/ Doo Prime, an international pre-eminent online broker successfully secured a one-year professional indemnity (PI) insurance for Doo Prime Bahamas Limited, effectively from December 10, 2020.
This PI insurance is an acknowledgement of Doo Prime as a licensed professional, and their dedication in complying with the higher standards of practice in the online trading industry.
Through this PI insurance, the aggregate limit of liability shall be US $500,000.00, being the insurer s maximum liability exposure to all claims during the PI insurance policy period.
The insurance, often referred to as professional liability insurance or PI insurane, will cover any legal costs and expenses incurred by Doo Prime and any loss or damages incurred as a result of Doo Prime s liability towards customers.
Chubb Global Markets Makes Leadership Promotions to its Professional Indemnity Teams
Chubb has today announced leadership promotions to its professional indemnity teams for Chubb Global Markets (CGM).
Under the changes, Steve Driscoll is appointed Head of Professional Indemnity for CGM and also for the United Kingdom & Ireland (UK&I). CGM comprises Chubb s London market wholesale and specialty business including the company s Lloyd s platform. Meanwhile, Benjamin Rowley is promoted to Head of U.S. Professional Indemnity at CGM.
In his new role, Steve will be responsible for leading Chubb s professional indemnity team and will oversee strategic development, execution and financial performance. His remit will include errors and omissions (E&O), medical malpractice, healthcare and, in the UK&I, retail.
Chubb Global Markets Promotes Driscoll, Rowley in Professional Indemnity Teams December 23, 2020
Chubb announced leadership promotions to its professional indemnity teams for Chubb Global Markets (CGM).
Under the changes, Steve Driscoll is appointed head of Professional Indemnity for CGM and also for the United Kingdom & Ireland (UK&I). CGM comprises Chubb’s London market wholesale and specialty business, including the company’s Lloyd’s platform. Meanwhile, Benjamin Rowley is promoted to head of U.S. Professional Indemnity at CGM.
In his new role, Driscoll will be responsible for leading Chubb’s professional indemnity team and will oversee strategic development, execution and financial performance. His remit will include errors and omissions (E&O), medical malpractice, healthcare and, in the UK&I, retail.