Legal expenses Hub
Welcome to Insurance Age’s Legal expenses Product Hub. This page hosts all of our legal expenses product news and insight to help the market keep abreast of latest developments and to boost their business development strategies.
Product Hub: Legal expenses
Welcome to Insurance Age’s Legal expenses Product Hub. This page hosts all of our legal expenses product news and insight to help the market keep abreast of latest developments and to boost their business development strategies.
Product overview: Legal expenses
Just over 100 years ago, the concept of legal expenses protection was born when a French automobile club, Automobile Club de l’Ouest, decided its members deserved some additional services, including protection in case of fines or disputes in the police court.
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Arag tops £60m GWP as profits return to £500,000
Legal expenses insurer Arag broke through the £60m gross written premium barrier in 2022, building on the previous year’s growth when it topped £50m for the first time.
Commercial Express and Arag team up on broker schemes
Commercial Express and Arag have partnered up to provide commercial legal protection to brokers serving a range of retail and wholesale business clients, as well as emergency assistance and legal protection to residential property owners.
Clear Group snaps up legal indemnities broker
Clear Group has made its 36th acquisition with the purchase of legal indemnities broker LawSure Direct for an undisclosed sum.
Stuart Reid joins Harbour Underwriting as NED
Former Bluefin and Gallagher boss Stuart Reid has joined commercial dispute insurance specialist Harbour Underwriting as a non-executive director, Insurance Age can reveal.
IQUW launches crisis management product suite
Property, commercial and specialty insurer IQUW has developed an insurance class designed to help businesses anticipate, prevent, respond to, and recover from a wide variety of risks.
Das LEI reports comprehensive £4.3m loss for 2021
Das Legal Expenses Insurance Company made an underwriting loss of £2.1m for the full year 2021 according to its solvency and financial condition report.
BHL-backed Coral Insurance opens for business
Specialist legal expenses provider Coral Insurance, backed by Allianz, began trading this week with the aim of making LEI a “valued, must have” for UK consumers and targeting 15% of the market.
Opinion: The importance of the right chemistry for schemes and DAs
Axa UK’s Gary Head explains why the formula must be right to achieve long-term success
The Irish broker market: Consolidation and compliance
David Worsfold visits the Emerald Isle to learn more about how the broker market is developing and asks if the next wave of consolidation will be an Irish one
Arag posts £1.9m pre-tax profit for 2021
Arag has reported a pre-tax profit of £1.9m for 2021, up on the £500,000 achieved the year before.
Financial & Legal expands product range
Managing director, Karen Beales, was brought into the insurer two years ago to develop the products it offers.
Opinion: Legal disputes rise as tough times get tougher
Left reeling by pandemics, volatile markets, rising costs and labour shortages, UK businesses are also seeing a spike in legal disputes. ARAG MD, Tony Buss, explains why demand for legal protection is steadily rising with no quick end in sight.
In depth: Employment practices liability: getting back to business?
The disruption to working practices following the Covid-19 pandemic has also prompted major upheaval in the employment practices liability (EPL) market. Tim Evershed reports
In Depth: Legal expenses cover proves value in volatile times
The turmoil caused by pandemics and politics in the past two years has created an increasingly litigious landscape and served to highlight the value and benefit of legal expenses to businesses, says Tim Evershed
Arc Legal Group launched
The organisation merges AmTrust underwriting and Legal Insurance Management with Arc Legal Assistance.
MGA evolution can support broker independence, says Pro Global’s Danny Maleary
MGA leader assesses opportunities for brokers, changes in capital providers backing risks, market consolidation and the sector’s expansion.
Meet the MGA: Arc Legal
Peter Harvey, deputy chief executive of Arc Legal, tell Insurance Age about the bespoke products the MGA offers brokers and how 2022 might shape up for the market
Das UK promotes Tony Coram to CEO
Das UK Group has named Tony Coram as its new chief executive officer, succeeding Andrew Burke who is stepping down at the end of this year.
Blog: Why customers are missing out on vital protection
Arc Legal's Tim Mullin discusses why the industry needs to reframe legal expenses insurance and explains what role brokers have to play to help customers.
Allianz offers free legal line for commercial customers
The insurer’s 24/7 telephone service can provide guidance on any business-related legal matter, from employment law to debt recovery and property disputes, as well as advice on Covid-19 related legislation.
Berkeley Alexander develops landlord product
The provider has teamed up with Auto Legal Protection Services for the legal expenses and rent guarantee proposition.
Arag revamps family legal solutions offering
Product now includes a 'dark web' monitoring and ID theft restoration service, which the provider says will "enable brokers to build a truly unique proposition".
Das UK posts profit rise for 2019
The legal expenses provider's COR worsened to 99.2% over the year while GWP fell slightly.
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Arag posts turnover rise for 2019
But the business also saw a fall in profits as MD Tony Buss says provider has revised its expectations for 2020 due to the pandemic.
Survey: The future of motor legal expenses
All change in motor LEI: How will products and prices evolve in motor legal expenses insurance after the implementation of the the online injury claim portal? Edward Murray reports on the findings of a joint Insurance Age and Coral Insurance Services…
