COVID-19 Impact on Professional Indemnity Insurance Market 2021-2026: Industry Insight and Growth Strategy by Business Players - AIG, Chubb (ACE), Allianz, XL Group, AXA, Aviva

The report covers a forecast and an analysis of the Professional Indemnity Insurance Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.

Overview of the Global Professional Indemnity Insurance Market:

The report spread across 90 pages is an overview of the Global Professional Indemnity Insurance Market. These report study based on the Professional Indemnity Insurance Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Professional Indemnity Insurance Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics. The Professional Indemnity Insurance Market Research Report is a resource, which provides current as well as upcoming technical and financial details of the industry.

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According to the market report analysis, Professional Indemnity Insurance is a vital cover for any business that offers services or advice to clients because it protects against any alleged inadequate provision. This insurance covers legal costs and expenses incurred in the course of defending a claim, as well as any compensation due to a client - it can help to protect your finances, your reputation, and ultimately your business in a crisis.

This comprehensive Professional Indemnity Insurance Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Chubb (ACE)

2 AIG

3 Hiscox

4 Allianz

5 Tokio Marine Holdings

6 XL Group

7 AXA

8 Travelers

9 Assicurazioni Generali

10 Doctors Company

11 Marsh & McLennan

12 Liberty Mutual

13 Medical Protective

14 Aviva

Market Segment by Product Type:

1 Medical Indemnity Insurance

2 Lawyer Indemnity Insurance

3 Construction & Engineering Indemnity Insurance

Market Segment by Industry:

1 Up to $1 Million

2 $1 Million to $5 Million

3 $5 Million to $20 Million

4 Over $20 Million

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Global Business News:

American International Group (AIG) (July 14, 2021) - AIG Announces Strategic Partnership with Blackstone for its Life & Retirement Business and Sale to Blackstone of Certain Affordable Housing Assets - American International Group, Inc. (AIG) and Blackstone today announced that they have reached a definitive agreement for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business for $2.2 billion in an all cash transaction.

As part of this agreement, AIG also agreed to enter into a long-term strategic asset management relationship with Blackstone to manage an initial $50 billion of Life & Retirement’s existing investment portfolio upon closing of the equity investment, with that amount increasing to $92.5 billion over the next six years.

Upon the closing of these transactions, which are expected to occur simultaneously by the end of the third quarter of 2021, Jon Gray, President and Chief Operating Officer of Blackstone, will join the Life & Retirement Board of Directors. These transactions are subject to HSR approval and other customary closing conditions.

Separately, AIG and Blackstone Real Estate Income Trust (BREIT), a long-term, perpetual capital vehicle affiliated with Blackstone, also announced today that they have reached a definitive agreement for BREIT to acquire AIG’s interests in a U.S. affordable housing portfolio for approximately $5.1 billion, in an all cash transaction. This transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2021.

“Today’s announcement is an important milestone for AIG. Establishing a cornerstone partnership on several fronts with such a highly regarded organization as Blackstone validates the strength of our market-leading Life & Retirement business and provides it with additional growth opportunities, provides AIG with flexibility as we continue to work to separate Life & Retirement from AIG, and results in significant new capital for AIG to deploy to support our capital management priorities,” said Peter Zaffino, President and Chief Executive Officer of AIG.

Table of Contents:

1 Professional Indemnity Insurance Definition

2 Global Professional Indemnity Insurance Market Major Player Share and Market Overview

2.1 Global Major Player Professional Indemnity Insurance Business Revenue

2.2 Global Professional Indemnity Insurance Market Overview

2.3 COVID-19 Impact on Professional Indemnity Insurance Industry

3 Major Player Professional Indemnity Insurance Business Introduction

3.1 Chubb (ACE) Professional Indemnity Insurance Business Introduction

3.2 AIG Professional Indemnity Insurance Business Introduction

3.3 Hiscox Professional Indemnity Insurance Business Introduction

3.4 Allianz Professional Indemnity Insurance Business Introduction

3.5 Tokio Marine Holdings Professional Indemnity Insurance Business Introduction

3.6 XL Group Professional Indemnity Insurance Business Introduction

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