Skip to main content

AmTrust Extends Rewards for Risk Management to Licenced Conveyancers

By
‘A’ rated insurance company AmTrust Europe Limited have extended their ground breaking agreement with legal software house Lexsure that links the use of risk mitigation software with lower expenditure on professional indemnity (PI) premiums for licensed conveyancers, a move that could be worth thousands of pounds for some conveyancing practices on the JLT/CLC Scheme.

Professional indemnity premiums are a great concern for licensed conveyancers, as they constitute one of the largest costs to the business aside from salaries.

Licensed conveyancers can now evidence their lower risk profile for conveyancing transactions by using Lexsure’s COMPLETIONmonitor software, an online checklist, tailor-made for conveyancers to reduce and eliminate errors and omissions.

Licensed conveyancing firms that reduce their risk profile by using COMPLETIONmonitor in the conveyancing process who insure with AmTrust can expect a per case savings on their PI renewals for each case completed with the software. Currently such a scheme is limited to 1-3 partner solicitor firms. Even for a small but active conveyancing practice, this could result in a savings of thousands of pounds. Alex Dyer, Head of Professional Indemnity at AmTrust Europe, said ‘We appreciate that the cost of PI insurance premiums has a great impact for licensed conveyancers. We believe it is right and fair to offer a financial reward to firms that empirically demonstrate risk mitigation by using COMPLETIONmonitor’. 


Note

 AmTrust Europe Limited provides tailored insurance products and support services to partners, focusing on property, casualty, speciality risk, accident and health, legal and warranty insurance products.   

 AmTrust Europe has been rated ‘A’ Excellent by A.M.Best.  The AmTrust Group is committed to disciplined underwriting focusing on niche products, low-hazard risks and serving the client’s needs.  

 For further information regarding AmTrust Europe Limited please visit www.amtrustinternational.com.   All media enquiries please refer to Denise Johnson at denise.johnson@amtrustgroup.com  


Labels:

Comments

Post a Comment

Popular posts from this blog

FCA AML Audit: Financial Regulator Takes Over Legal Oversight!

By
The UK government has dropped a regulatory bombshell that will fundamentally reshape your life, and yes, we are talking about the dreaded FCA AML audit. For years, you’ve been supervised by your legal peers, the SRA, but those days of relative comfort are drawing to a close. The big news? Responsibility for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) supervision for the legal and accountancy sectors is being handed over to the Financial Conduct Authority (FCA. That's right, the same folks who put the fear of God into the big banks are now coming for your conveyancing files. Cue the dramatic music. What does the FCA take-over actually mean? Forget the gentle nudge; prepare for the financial services full-body search. An FCA AML audit is likely to look a lot more like a detailed financial inspection and a lot less like a polite chat with the SRA. Think maximum emphasison: Ironclad AML documentation (no more "it's in my head" polici...
Post a Comment
Read more

December 2025: The SRA’s AML Audit Crackdown Has Arrived

By
The Solicitors Regulation Authority (SRA) isn't sending Christmas cards this year. They're sending in the AML auditors. Despite the upcoming shift where the FCA will assume wider AML regulatory oversight, the Solicitors Regulation Authority (SRA) is turning up the heat one last time. Forget a gentle warning—welcome to the AML Blitz of December 2025 . Let’s cut to the chase. SRA Chief Executive Paul Philip is clearly done with excuses. His public message is unambiguous: "We are still finding fairly basic deficiencies in AML arrangements within firms." Translation for the Partners: You might effortlessly navigate a complex, multi-million-pound merger, but somehow, you still haven't nailed your fundamental firm-wide risk assessment. The era of the gentle wrist-slap is officially over. The SRA has made it clear that fines are "continually going up." AML Compliance is no longer a 'nice-to-have'—it’s an expensive, enforced reality...
Post a Comment
Read more

FCA AML Audit: Why Solicitors Time to Rethink AML Compliance

By
If you’re a partner or a compliance officer at a law firm, I want you to take a quick second and think about your last AML review. Was it a check the box exercise to keep the SRA happy? If the answer is yes, we need to have a serious chat. The regulatory landscape for solicitors is shifting fast . The Financial Conduct Authority (FCA) is stepping onto the field with a much more active role, and they play a much tougher game than we've seen in the past. Today, we’re breaking down why the FCA AML Audit is the new essential safeguard—and why "good enough" policies just won't cut it anymore. Why the "Old Way" of AML is Riskier Than Ever Historically, many of us approached AML compliance through a traditional SRA lens. But let’s be real: that approach is becoming a major liability. The FCA’s style is risk-based, evidence-focused, and—most importantly outcome-driven. They don’t just want to see your manual; they want to see your proof. ...
Post a Comment
Read more