Financial Institutions Insurance
The Financial Institutions team primarily focuses on the Asset Management sector, with diversity achieved from writing a broader range of other non-large bank FI accounts, including insurance companies, executionary-only stockbrokers and UK challenger banks which are small and retail in nature.
The team’s geographic focus is predominately on the UK and EU but we do have the ability to write business in other territories including, but not limited to, Switzerland and selected offshore jurisdictions.
Our clients, which include many of the world’s leading hedge funds, investment managers, insurance companies and service providers, benefit from the high levels of security, underwriting and claims expertise that Travelers offers. A market-leading team of underwriters is supported by a highly experienced and qualified in-house claims team so clients can expect the very best service, claims representation and risk management guidance across the lifetime of their policy. It’s this powerful combination of experience, market insight and financial strength that makes us a leading insurer in this field.
The team benefits from a dual platform, enabling it to write business on behalf of both Travelers Insurance Company Limited and Travelers’ Syndicate 5000.
- Professional indemnity
- Directors’ and Officers liability
- Crime insurance
- Investment management insurance
- Pension trustees liability
- Employment practices liability
- Employee Retirement Income Security Act (ERISA)
- Investment managers
- Hedge fund managers
- Property fund managers
- Private equity / Venture capital
- Insurance companies
- Executionary-only stockbrokers
- Small retail banks
- Building societies
Travelers can provide limits of indemnity up to a maximum of GBP10m, USD15m or EUR10m in the aggregate per coverage.