The Law Society’s Insurers’ Guide has revealed that, for the 2012/2013 period, the market share by insurer based on number of firms insured is as follows:
- XL – 23%
- Travelers – 15%
- Balva – 9%
- Zurich – 8%
- First Title – 7%
- QBE – 7%
- Allianz – 4%
- Chartis – 4%
- Alpha – 3%
- Axis – 3%
- Enterprise – 2%
- Liberty – 2%
- WR Berkley – 2%
- AM Trust – 1%
- Aviva – 1%
- Elite – 1%
- ERIC – 1%
- Barbican – <0.5%
- Chubb – <0.5%
- Hannover – <0.5%
- RSA – <0.5%
- Other – 3%
- Unknown – 4%
It’s interesting to note the market share of the unrated insurers – Balva, of course, had its operating licenses withdrawn and has been threatened with liquidation.
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