Financial Institutions

Our products

Professional indemnity

Professional indemnity insurance protects companies for claims made against them by third parties arising from errors or omissions committed in the professional conduct of its business.

Our flexible and responsive professional indemnity coverage secures the activities of leading companies throughout the world’s financial centres.

Our coverage

• Primary or excess attachment points
• Standard wordings or as per original and customer-specific manuscript wordings
• Protection extended to the individual or entity, its directors, officers and employees, and to those for whose acts the insured is legally responsible
• Automatic coverage of subsidiaries and new services

Bankers’ blanket bond

Our comprehensive Bankers’ blanket bond protects the first-party liability of leading financial institutions.

Our coverage

• Primary or excess attachment points
• First party coverage
• Worldwide coverage
• Standard wordings or as per original and customer-specific manuscript wordings
• Coverage includes: Employee dishonesty, Fraud, Forgery of cheques or other instruments, Theft or robbery of valuables from the institutions’ own premises or while in transit, Counterfeit currency and Counterfeit securities.

Computer crime

As IT becomes an increasingly fundamental aspect of business, so does an organisation’s exposure to those who seek to manipulate IT for dishonest or malicious purposes. Our computer crime policy protects against these individuals and is critical coverage for companies that rely on computers to conduct business. The policy covers a company for losses suffered as a result of it acting on electronic instructions, which may take the form of computer instructions communicated directly or via the internet or those communicated by tested telex, fax or telephone.

Our coverage

• Primary or excess attachment points
• Standard wordings or as per original and customer-specific manuscript wordings
• First-party coverage
• Coverage includes: Alteration of records, Theft, disappearance, and destruction, computer virus

Directors and officers

A directors and officers (D&O) policy indemnifies the individual directors and officers for the personal liability they may incur in the management of the insured company’s business. We provide one of the broadest insurance products currently available.

Our coverage

• Primary or excess attachment points
• Standard market wordings tailored to meet customer needs
• Automatic coverage for acquired subsidiaries
• Broad definition of ‘wrongful act’
• Wide definition of ‘insured’
• Worldwide coverage
• Strong advancement of ‘Defence Costs’ language

Pollution

• Cover for shareholder claims
• Defence costs for direct claims

Customer groups we serve include:

• Retail banks
• Investment banks
• Commercial banks
• Building societies
• Fund managers
• Venture capitalists
• Investment trusts and funds
• Investment advisors
• Mutual funds
• Insurance companies
• Securities and derivative traders and brokers