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Financial Institutions Insurance

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Financial Institutions Insurance

Chubb financial institutions insurance helps you manage risks in an ever-evolving regulatory environment.

As regulations and legal responsibilities evolve, financial services firms must stay one step ahead of the changes. We offer a range of insurance products to prepare you for evolving risks. We cover banks, building societies and other financial businesses for professional indemnity, directors and officers liability, investment management and more.

FOCUS AREA

Our insurance plans support many types of financial institutions

Who we insure:

  • Asset management firms and funds
  • Global and domestic banks, and other lending institutions including challenger banks
  • Building societies
  • Non-Life Insurance companies - Stock brokers
  • Clearing houses
  • Pension Trustees

We provide coverage for:

  • Directors and officers liability
  • Professional indemnity
  • Financial crime
  • Investment management
  • Pension trustee liability
  • Employment liability
  • Cyber
PRODUCTS & SERVICES
PRODUCTS & SERVICES

Find the right Chubb financial institution cover to suit your business

Directors and Officers Liability

Executives are protected against wrongful acts, errors and omissions, negligence and breach of duty. The plan includes cover for damages, judgements and legal costs.

Financial Institutions Crime

We cover exposures to employee dishonesty, theft on premises or in transit, counterfeit negotiable instruments, forged cheques and credit cards, computer fraud and legal costs.

Investment Management Insurance

Investment managers and funds benefit from directors and officers liability insurance, professional indemnity for errors and omissions, crime cover, and civil fines and penalties.

Professional Indemnity Insurance

In today’s litigious business environment, financial professionals need reliable insurance protection for potential claims against them. Chubb’s professional indemnity for financial institutions gives you solid cover against legal liabilities.

Pension Trustee Liability Insurance

Trustees and sponsoring employers receive cover for breaches of trust, duty and statutory provision, maladministration and negligence, wrongful omissions and misstatements.

Cyber Enterprise Risk Management insurance

Financial institutions receive customisable cover for business interruption due to network security failure, cyber scams and hacks, data loss and blackmail, and data restoration.

Employment Practices Liability

We cover you for damages, judgements, settlements, defence claimant’s costs, legal representation, and back salary costs if your company is ordered to reinstate an employee.

Why Chubb?
Why Chubb?

We’re experts in financial institutions insurance – and we care about your business

Whether your business is big or small, takes you around the world or just around town, Chubb is there for you. Our breadth of experience in financial institutions insurance means we can provide the guidance and service you need, whenever you need it, wherever you may be.

Partnership that’s personal 
We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.

 

Creative problem-solving
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.

 

Unmatched expertise and financial strength
We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business. 

 

FAQs
FAQs

Financial institutions insurance provides coverage for asset management firms, banks and lending institutions, and insurance companies. Chubb offers financial institutions a broad range of customised, reliable protection.

Being in a highly regulated industry requires an investment in risk management and compliance. When banks and other financial institutions choose Chubb as their insurance partner, they benefit in many ways. We offer liability and first party insurance for asset managers, banks and lending institutions; there are checks and balances for employee fraud, so avoiding reputational damage, regulatory scrutiny and loss of business.

Have a question?
Have a question?

Talk to one of our experts

 

Michael Fan
Senior Underwriter - Financial Institutions
michael.fan@chubb.com

Martin Borgquist
Senior Underwriter – Financial Institutions
martin.borgquist@chubb.com

William Wogan
Underwriter - Financial Institutions
william.wogan@chubb.com

Emma Champion
Assistant Underwriter – Financial Institutions
emma.champion@chubb.com

Nadia Bagijn
Head of Financial Institutions - CGM
nadia.bagijn@chubb.com