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QBE has taken over as the leading insurer of solicitors, figures released yesterday by the Solicitors Regulation Authority have revealed. Between QBE Insurance (Europe) Ltd and two Lloyd’s syndicates, the Australian-based insurer secured 18.2% of the premiums paid.

There have been some angry reactions to the Solicitors Regulation Authority’s publication last Friday of the names of 136 law firms which did not secure professional indemnity insurance by 29 December.

The Solicitors Regulation Authority has published a list of 136 firms that failed to renew their professional indemnity insurance since October, but said a small number have failed to close properly.

It is unclear how many of the 116 firms that were meant to have shut down last week for failing to secure professional indemnity insurance have actually done so, the Solicitors Regulation Authority admitted yesterday.

The Solicitors Regulation Authority (SRA) has found a further 17 firms that have still not secured professional indemnity insurance, taking the current total facing closure next week to 117.