Mgb Nick Bender News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Insurance Age Subscriptions Subscriptions Blog: Is a change really as good as a rest? 14 May 2021 Print this page   MGB's Nick Bender discusses what the recent implementation of PI rules for fire safety cover introduced by RICS mean for the insurance industry and why fire safety insurance cover is the biggest issue facing the construction PI market. One would have imagined that recent changes to the minimum terms laid down by the Royal Institution of Chartered Surveyors would have led to an easing of the UK professional indemnity insurance market, but regrettably this could not h...

Blog: Professional indemnity - Was 2020 the eye of the storm? 25 Jan 2021 MGB’s Nick Bender considers the evolution of the PI market and predicts how the space will look in future. The UK PII Insurance Market is now unrecognisable from the beginning of the previous decade, which experienced heady rate-cutting and considerable over-capacity. Since 2018 we have seen mass exiting of Insurers, as return on capital had been almost non-existent. 2019 Some of the issues that caused contraction in 2019 included 2017s Grenfell Fire tragedy and the student accommodation fire in Autumn 2019, leading t...