Big merger puts Professional Indemnity Insurance on the International Map

Kennedys is merging with O’Hare O’Connor Walshe to create a stronger presence in Professional Indemnity Insurance and employers and public liability insurance in Ireland

There’s been a clear market and client demand for stronger market- transforming presence in Dublin and this strategic partnership will fully enable this. Driven in part by the fact that both Kennedys and O’Hare O’Connor Walshe share much of the same client base.

Kennedys is a specialist national and international legal firm with expertise in litigation and dispute resolution and is a top 50 law firm.

Kennedys Ireland senior partner, James Staines said: “The Irish market for professional indemnity is poised for major changes due to the winding-down of the Solicitors Mutual Defence Fund and other regulatory changes. This is the perfect time to be teaming up with such a fantastic insurance market player. We’ve got to know each other well over the many years our firms have worked in association and look forward to combining our strengths to tackle the opportunities and challenges in the years ahead.”

Graham Hearsey from Professional Insurance Agents welcomed the move and felt it will help drive the awareness and importance of Professional Indemnity Insurance for businesses throughout England and Ireland. He went on to say that: “Many companies are simply not aware of the importance Professional Indemnity when considering their insurance options”.

https://www.professionalinsuranceagents.co.uk

How the eruption in Iceland is effecting Travel Insurance – Are you covered?

With the new eruption from Grimsvotn in southeast Iceland (Iceland’s most active volcano), there is chaos once again, for airlines and their passengers looking to travel. Word from the Association of British Insurers (ABI) is that travellers are advised to contact their travel agents and airlines for further information.
If a cancellation occurs then a full refund should be given. It is also advised that passengers should check their travel insurance policies to check their cover and entitlement.
Interestingly, since the 2010 Volcano eruption in Iceland searches made on the internet for travel insurance looking for comprehensive cover has gone up to an all-time high of 900,000. It was due to this event that it became possible to purchase insurance cover for an eruption happening again.
Director of Professional Insurance Agents Graham Hearsey (Head of the Professional Indemnity Department) released guidance on the matter stating that any cover you already have from your insurance policy cannot duplicate compensation already given by the airlines for the disaster.