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Insurers and brokers

Insurers and brokers

We have a list of insurers that's renewed annually. Each year we invite insurers to apply to be a listed insurer and, provided they meet with our criteria as detailed below, they'll be accepted.

"Listed Insurer" means an insurer who:

(a) is authorised by the Department of Trade and Industry in the United Kingdom or the Department for Enterprise and Employment in the Republic of Ireland to underwrite general liability insurance business or is in some other way recognised by the Department of Trade and Industry or the Department for Enterprise and Employment to provide professional indemnity insurance business in the United Kingdom or the Republic of Ireland respectively

or

is in some other way recognised by the Department of Trade and Industry or the Department for Enterprise and Employment to provide professional indemnity insurance business in the United Kingdom or the Republic of Ireland respectively

or

is an insurance company the head office of which is in a member state of the European Union other than the United Kingdom and which is entitled to carry on insurance business as a branch in the United Kingdom and the Republic of Ireland on the freedom to provide services basis

(b) is rated within AM Best at least B+ or Standard & Poors at least Category BBB or have specific written approval from RICS to waive the requirement; and

(c) agrees to write a policy that is no less comprehensive than the form of the RICS policy wording [subject to any derogations for firms within the Assigned Risks Pool] in force at the time when the policy of insurance is taken out; and

d) agrees to underwrite, for the period of the contract, the ARP lineslip contract terms as set out in this Prospectus for Listed Insurers and to be bound by the terms thereof for such period as may be agreed between the RICS and the Listed Insurer; and

(e) is listed by the RICS for the purposes of the Assigned Risks Pool.

RICS Listed Insurers UK

Does RICS have listed brokers?

We do not have a suggested list of brokers available. However, Howden UK Group Limited are RICS' 'preferred' UK Broker and will be able to assist members in exploring their PI options. Further options are available on the Low Fee Earners section of the UK insurance area of the website. If you require further assistance please call the RICS Regulation helpline on 020 7695 1670.

What should members ask their broker?

The Association of Insurers and Risk Managers has developed a set of questions for the buyers of insurance to use as a checklist with their broker. This is not an exhaustive list, nor will it be appropriate for all organisations, however it is a useful starting point.

RICS Listed Insurers

The lists below details those insurers who are listed to underwrite professional indemnity insurance policies of RICS member firms in the United Kingdom and the Republic of Ireland jursidictions as from 1 April, 2019.

RICS Listed Insurers

    • Accelerant Insurance Limited
    • Aegis Managing Agency Limited – Lloyd’s Syndicate 1225 and Lloyd’s Insurance Company SA – Syndicate 5322
    • Allied World Assurance Company (Europe) DAC and Syndicate 2232
    • Amtrust Europe Limited
    • Antares Syndicate 1274
    • Arch Underwriting at Lloyd’s Syndicate 2012; Lloyd’s Brussels Syndicate 5348 (Arch 2012); Arch Insurance (UK) Limited
    • Argenta Syndicate Management Ltd – Syndicate Arg 2121 and Lloyd’s Insurance Company SA Arg 5353
    • Ascot – Syndicate 1414
    • AXA Insurance UK plc
    • Axis Speciality Europe SE / Axis Syndicate 1686 at Lloyds
    • Aviva Insurance Ltd;
    • Canopius Managing Agents Limited Syndicate 4444 & 1861CNA Hardy; CNA Insurance Group Limited and Hardy Syndicate 283 at Lloyd’s
    • Chubb European Group SE; Chubb Global Markets – Lloyd’s Syndicate 2488; Lloyd’s Insurance Company S.A. – CGM 5358
    • DCH Syndicate 386 (QBE); Syndicate 5386 LBS (QBE)
    • DTW Syndicate 1991 at Lloyds managed by Coverys Managing Agency Limited
    • Everest Syndicate 2786 at Lloyd’s
    • Folgate Insurance Company Ltd
    • Great Lakes Insurance SE, UK Branch
    • HCC International Insurance Company PLC
    • HDI Global Specialty SE - UK
    • Hiscox Insurance Company Ltd
    • International General Insurance Co. UK
    • Liberty Managing Agency Limited, for and on behalf of Syndicate 4472 at Lloyd’s of London, Liberty Managing Agency Limited for and on behalf of Syndicate 5381 at Lloyd’s Insurance Brussels and Liberty Mutual Insurance Europe SE
    • Markel International Insurance Company Limited
    • Neon Syndicate 2468 at Lloyd’s
    • Probitas Syndicate 1492 at Lloyd’s
    • QBE UK Ltd; QBE SA/NV Syndicate 5334 (LBS)
    • Royal & Sun Alliance Insurance PLC
    • Sompo International
    • Travelers Insurance Company Ltd
    • W.R. Berkley Syndicate Management Limited on behalf of WRB Syndicate 1967 at Lloyds
    • XL Insurance Company SE; XL Catlin Insurance Company UK Ltd; Catlin Underwriting Agencies on behalf of Syndicate 2003
    • Zurich Insurance Plc – UK branch
    • Accelerant Insurance Limited
    • Allied World Assurance Company (Europe) DAC
    • Aviva Insurance Ireland DAC
    • Axis Specialty Europe SE
    • CAN Insurance Group Limited
    • Chaucer Insurance Company DAC
    • Chubb European Group SE; Lloyd’s Insurance Company S.A. – CGM 5358DCH Syndicate 5386 (LBS)
    • Ergo Versicherung AG
    • Hiscox SA
    • HDI Global SE – Ireland
    • International General Insurance Co. UK
    • Liberty Mutual Insurance Europe SE
    • Lloyd’s Brussels Syndicate 5348 (Arch 2012); Arch Insurance (EU) DAC
    • Lloyd’s Insurance Company SA Arg 5353
    • Lloyd’s Insurance Company SA – Syndicate 5322
    • Lloyd’s Insurance Company SA EVE 5363 (Everest); Everest Insurance (Ireland) DAC
    • Lloyd’s Insurance Company SA Neo 5357
    • Lloyd’s Insurance Company SA PBS 5327 (Probitas)
    • QBE SA/NV Syndicate 5334 (LBS)
    • RSA Luxembourg S.A
    • Sompo International
    • Tokio Marine Europe SA
    • XL Insurance Company SE
    • Zurich Insurance Plc - Ireland Branch

Find out more about regulation