BUSINESS UPDATE - Q2

A Rating Game for Legal Expenses

Arc Legal has been commenting on the sustainability of the traditional legal expenses business model, following recent moves by some of the larger players in the sector to increase their rates by up to 50% with the resulting impact on some brokers' commission incomes.

Arc Legal believes that while increasing claims costs may be a justification for higher rates, other factors point to opportunities for the sector to offset costs. It asks if the robustness of the traditional legal expenses model is having an impact on the ability to keep rates sustainable.

The full article can be found on the Arc Legal website here.

Arc Legal extends relationship with Swinton

Arc Legal has increased its portfolio of products with Swinton by providing its Family Legal Expenses product to Swinton's Northern Ireland customers.

The product includes cover for legal fees in the event of contractual & consumer disputes, employment disputes and property infringement & damage. Arc Legal is also providing an enhanced 'Diamond' product which includes cover for Clinical Negligence, Identity Theft and School Admission Disputes.

Arc Legal also provides Commercial Legal Expenses, Landlords Legal Expenses and Caravan Legal Expenses products to Swinton.

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