It has been a tumultuous last three years for the professional indemnity market, ever since Lloyd’s of London commenced a review of loss-making classes. PI portfolios were one of worst classes, with construction risks one of the poorest performers. There is a high likelihood that the construction PI market is forever changed. We consider the landscape ahead.
Mark Peterson, SVP & Executive Director, Aon
Ante Petricevic, Managing Director, Aon
Juliette Pettit, Underwriting Manager – PI & Cyber, AIG