Royal & Sun Alliance have made the decision to stop offering professional indemnity insurance cover to one man and/or two-partner firms of solicitors though it will continue to offer renewal terms to existing clients. The annual renewal season for solicitors has just commenced with all firms having to arrange cover for the annual renewal date of 1 October. A hardening market overall is also predicted and it is anticipated that rating increases of 20% will apply across the board.

Update – 21 July 2008: Royal & Sun Alliance have since advised that they will also decline to offer professional indemnity insurance renewal terms for one man and/or two-partner firms of solicitors this year.