The St. Paul Companies have had considerable success with their professional liability policy for English and Welsh lawyers. Since receiving the designation “qualifying insurer” last January from the Law Society of England and Wales, it’s booked 拢50 million ($71 million) in gross written premiums, giving it an estimated 20 to 30 percent market share.
“We were successful in targeting and writing the mid- to large-size law firms, for which we’ve achieved a significant market share,” stated Mark Pabst, president of St. Paul International. The company “now writes more than US拢125 million of professional liability for lawyers in several countries, including Australia, England, France, Spain, the United States and Wales,” he continued.
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