About Financial Institutions
Financial institutions face unique risks that can impact their reputation, operation, and financial stability. Constant pressures generated by increased regulation, rising compliance, changing technologies, and new currencies have added to the complexity.
Financial Institution insurance is a type of coverage that aims to safeguard businesses, their owners, directors’ officers, and employees against professional and managerial liabilities. The financial institutions Directors & Officers Insurance provides coverage for claims against, executive, non-executive directors and senior executives of a company for actual or alleged breach of duty, neglect, misstatements and mismanagement.
The Alternative Investment Fund Manager’s Directive (AIFMD) requires the manager of an Alternative Investment Fund Manager to hold either a Professional Indemnity Insurance (PII) or use additional own funds to cover risks from professional negligence.
Risks faced by the Financial Services sector:
• Errors & Omissions
• Directors & Officers exposure
• Data security and Privacy
• Funds transfer fraud
• Employee infidelity
• Reputational
The Alternative Investment Fund Manager’s Directive (AIFMD) requires the manager of an Alternative Investment Fund Manager to hold either a Professional Indemnity Insurance (PII) or use additional own funds to cover risks from professional negligence.
Risks faced by the Financial Services sector:
• Errors & Omissions
• Directors & Officers exposure
• Data security and Privacy
• Funds transfer fraud
• Employee infidelity
• Reputational
Professions we work with:
• Investment firms
• Investment Advisors
• Funds
• Fund managers
Insurance Solutions
• Professional Indemnity
• Directors & Officers Liability
• Investment Manager Insurance (IMI)
• Crime Insurance
• Cyber Insurance
• Employee Infidelity
• Investment firms
• Investment Advisors
• Funds
• Fund managers
Insurance Solutions
• Professional Indemnity
• Directors & Officers Liability
• Investment Manager Insurance (IMI)
• Crime Insurance
• Cyber Insurance
• Employee Infidelity