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St Paul buys L&E&#39s PI business from Norwich Union

St. Paul International is buying London & Edinburgh&#39s IFA professional indemnity business from Norwich Union.


Norwich Union acquired the £9m portfolio from London & Edinburgh Insurance in October 1998.


St. Paul has purchased the right to invite renewal of policies as they fall due and will take over the handling of run-off claims.


St. Paul chief executive officer Kent Urness says: &#34We have been active in PI business in the UK for selected customer groups since 1994. The purchase of this portfolio will establish our position as a market leader for this particular group.&#34

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