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Directors and Officers Liability for Financial Institutions

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Cover for executives in the financial sector

Robust, reliable insurance for your leadership team

Any business leader can face potential claims from shareholders, employees, competitors and regulators. Our directors and officers liability insurance for financial institutions protects executives in asset management firms and funds, banks, building societies and insurance companies against breach of duty, negligence and other legal actions.


Who it’s for

We cover your directors and other management employees across a wide variety of roles. Positions we ensure:

  • All types of past, present and future directors and officers
  • Managerial and supervisory employees
  • Employees who are co-defendants, including retired directors 
  • Directors and other individuals who, at the company’s request, serve on an outside board
  • The spouse, estate or legal representative of deceased directors
  • Approved individuals performing controlled functions and those designated under the senior managers’ regime and certification regime
  • The company, in the case of securities action claims

What it covers

The policy covers executives for defence costs and legal liability arising from:

  • Wrongful acts
  • Errors and omissions
  • Misstatement
  • Negligence
  • Breach of duty


Cover includes:

  • Damages, judgments, expenses and defence costs
  • Costs of legal representation for investigations
  • Losses incurred within 30 days of management buyouts of a subsidiary
  • Costs arising from extradition proceedings
  • Cover for deprivation of assets of individuals
  • Civil fines and penalties cover for individuals where insurable by law
  • Tax contributions where the company has become insolvent and there is personal liability of an insured director

We’re experts in directors and officers liability for financial institutions – 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 directors and officers liability cover 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. 



Financial institutions insurance provides coverage to 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

Martin Borgquist
Senior Underwriter – Financial Institutions

William Wogan
Underwriter - Financial Institutions

Emma Champion
Assistant Underwriter – Financial Institutions

Nadia Bagijn
Head of Financial Institutions - CGM