Financial Services Companies
Two out of three of the world's 50 largest insurers choose Chubb as their insurer
From venture capital companies, to insurance organisations to banks, Chubb provides
all-lines risk transfer solutions for top-rated financial services companies.
With more than 35 years of experience, our Financial Institutions group
continues to lead the market in products and service. We offer specialist
financial services underwriters and claim handlers, admitted paper capability,
ability to work with captives and the reassurance of Chubb's financial strength.
Our range of products includes the traditional and those pioneered to help
protect against evolving risk, such as cybercrime.
Key covers
Provides cover for:
- Theft of assets and legal liability for theft of customer information
- Denial or impairment of E-service as a result of cyber attack or fraudulent access
- Malicious alteration, damage or destruction of data as a result of E-vandalism
- Fraudulent funds transfer via E-communication
- Extortion following E-threat, even if the threat is not carried out
- Fraudulent use of electronic signatures
- Fraudulent voice initiated funds transfer instructions
Cover benefits include:
- Asset protection
- Reputation protection
- Access to funds in a crisis
- Business continuity
- Provision of funds to pay for professional consultants to help mitigate a loss
- Helping to support the future of e-commerce and e-business transactions
New enhancements include:
- E-theft by people (excluding employees) with authorised access who exceed or abuse it
- Denial or impairment of E-service caused by anyone (including employees)
- Payment of extra expenses to continue the business without any "waiting period" or "time deductible"
- Fraudulent E-communications sent over the Internet
- Virus cover under E-vandalism for data held outside the insured's systems
- Expenses incurred to help mitigate the effect of an E-threat
- Identity theft
Cover features include claims made against directors or officers for:
- Negligence causing loss to the company or to people outside the company
- Breach of fiduciary duty
- Mismanagement
- Errors and omissions in financial information
- Misrepresentation
- Insolvency contraventions
- Regulatory breaches
- Mistreatment of employees
Cover features include losses suffered by a pension scheme, such as:
- Loss of property from dishonest acts by trustees and employees
- Loss of property from scheme or employer premises due to robbery, burglary, theft or mysterious damage, disappearance and destruction
- Loss of property in transit in the custody of an employee, trustee or security company
- Loss from computer manipulation where harm or improper financial gain was intended
Cover features include legal liability for wrongful acts by trustees, administrators and employees, and other losses, such as:
- Awards and civil penalties ordered by regulators
- Negligent administration of the scheme, its funds and investments
- Breach of fiduciary duties
- Costs of restoring lost or destroyed documents
- Liability for benefits payable by the scheme arising out of wrongful acts or omissions
For full details, please contact us
at your nearest Chubb branch.
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