Offshore security?
There have been doubts about the reliability of offshore legal expenses insurers to provide financial security in the event of a claim. Here, Ralph Savage questions the safety of Hold Harmless agreements
When IGI boss Keith Wardell stirred up a hornet's nest by suggesting in these pages that legal expenses insurers (LEI) based offshore could be less reliable than their mainland rivals, a backlash followed. Leading names moved to reassure brokers and solicitors that their financial security was as solid as oak.
However, the market remains shrouded in mystery and many of its players are happy to criticise openly the apparent sharp practice that still pervades the sector. So what role does the
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