Download Financial Institutions - Liberty Specialty Markets

Financial
Institutions
As a leading insurer in the
financial institutions (FI) sector,
we work closely with our brokers
and have the knowledge to
provide creative and considered
solutions which meet the specific
needs of an organisation.
Our experienced teams have multi-lingual
skills allowing us to give first class service
no matter where the client is based.
We offer a wide range of products to
financial institutions across the world
(excluding US liability) on a primary
and excess basis.
Target risks include retail and
commercial banks, investment
managers, fund managers, private
equity and venture capital, corporate
finance, wealth managers, hedge
funds, insurance companies and
stockbrokers. We are also willing to
consider investment banks, credit
institutions, building societies,
United States domiciled FI crime,
stock exchanges and local
branches of foreign banks.
Policies can be written either through
the Company or Lloyd’s markets
(Syndicate 4472) allowing us to take
advantage of the financial capacity of
both the Liberty Mutual Insurance Group
and Lloyd’s of London.
Our experienced teams have
multi-lingual skills allowing us to
give first class service no matter
where the client is based.
Classes of business
Bankers blanket bond
Protection for a financial institution in
the event of a financial loss sustained
by the insured resulting principally from
an act of infidelity by an employee
Computer crime
Protection for a financial institution in
the event of a loss sustained by the
insured and resulting from a criminal
act involving an insured’s internal
computer systems
Professional indemnity (civil liability)
Protection for a financial institution in
respect of its liability to compensate
third parties as a result of a claim
made against the insured
Directors & Officers
Protection for individuals for their
liabilities as a director or officer of
a corporation or financial institution
Side A DIC
Protection for individual directors and
officers against losses not indemnified
by their company that their traditional
D&O policies do not cover - as well as
providing liability limits exclusively for
directors and officers
Public offering of securities
insurance (POSI)
Protection for directors, officers
and the company involved in issuing a
financial prospectus from, for example,
exposure to overstatement of revenues
or misrepresentation of profit forecasts
Pension trustees liability (PTL)
Protection for pension fund trustees,
employees and others with responsibility
for company pension plans
Employment practices liability (EPL)
Protection from claims arising from
employment practice violations such
as discrimination, sexual harassment
and unfair dismissal
Line size
USD 25 million
(EUR 25m, GBP 15m, CHF 25m)
Territories
Worldwide
(excluding US liability)
Risk appetite
Target risks
Stockbrokers
Investment managers
Risks we may consider
Investment banks
Credit institutions
F
und managers
Private equity & venture capital
B
uilding societies
US domiciled FI crime
C
orporate finance
Wealth managers
S
tock exchanges
Local branches of foreign banks
Significant US client expousure
H
edge funds
Retail & commercial banks
Insurance companies
Help when clients need it most
Our clients benefit from our commitment
to providing a consistent, efficient and
responsive claims handling service.
Our claims philosophy is to work in close
partnership with our clients and brokers
so that valid claims are paid promptly.
Risks we will not quote
Trust companies (primary layer)
Corporate service providers
(primary layer)
US domiciled PI/D&O risks
Contact us
UK
Dublin
Guy Williams
Underwriting Manager for FI, Europe
Fiona Maher
Senior Underwriter Financial Lines
T:+44 (0)20 3758 0360
M:+44 (0)7976 265 594
E:[email protected]
E:[email protected]
Mark Selby
Hamburg
FI Manager, UK
T:+44 (0)20 3758 0361
M:+44 (0)7584 373 910
E:[email protected]
Charles Wilmot
Senior Underwriter FI
T:+44 (0)20 3758 0362
M:+44 (0)7880 793 861
E:[email protected]
T:+353 (0)1 818 0505
Alexander Breig
Assistant Vice President
T:+49 40 360 98 98 10
M:+49 172 51 45 390
E: [email protected]
Madrid
Jorge Chao Vice President
FI Continental Europe Underwriting Manager
Mauricio Muriel
T: +34 915 92 38 71
M:+34 610 43 05 23
E:[email protected]
T:+44 (0)20 3758 0363
M:+44 (0)7789 871567
E:[email protected]
Milan
Senior Underwriter FI
Mark Mitchell
Underwriter FI
T:+44 (0)20 3758 0365
M:+44 (0)7584 374 182
E:[email protected]
Sam Adamson
Underwriter FI
T:+44 (0)20 3758 0366
M:+44 (0)7879 075 486
E:[email protected]
Philip Rage
Underwriter FI
T:+44 (0)20 3758 0367
M:+44 (0)7811 821941
E:[email protected]
Cologne
Angelika Gasser Senior Underwriter
Roberto Brivio
Branch Manager
T:+39 02 6203 2027
M:+39 340 4676 135
E:[email protected]
Paris
Benoit Duhamel
FI Manager France
T:+33 1 5305 9072
M:+33 609 188154
E:[email protected]
The Hague
Jona Alblas
Underwriter FI
T:+31 70 302 8651
M:+31 615 868101
E: [email protected]
Zurich
Directors & Officers and FI
T:+49 (0)221 5005 2206
M:+49 (0)172 5145 396
E:[email protected]
Dubai
Laura Golt Assistant Vice President
Financial Lines Manager
T:+971 4 302 8015
M:+971 50 653 9721
E:[email protected]
Christoph Kammermann
Senior Underwriter Financial Lines
T: +41 (0)44 285 10 03
M:+41 (0)79 435 43 77
E:[email protected]
About Liberty
Liberty Mutual Insurance Group
(LMIG) is a Boston based diversified
insurer with operations in 30 countries
and economies around the world.
We provide underwriting expertise
in directors & officers, professional
indemnity and cyber products
in addition to our offering of
financial institutions. For a full
range of products, please visit:
libertyspecialtymarkets.com
Liberty Specialty Markets, part
of LMIG offers specialty and
commercial insurance and
reinsurance products across
key UK, European, Middle East,
US and other international locations.
Liberty Mutual Insurance Group
Liberty Mutual Insurance Group
$124.3bn
Consolidated
assets
$39.6bn
Annual
consolidated
revenue
3rd largest
property &
casualty
insurer in US
8
over
approx
employees
offices
worldwide
50,000
78th on
US Fortune
100 list
900
A
Standard
& Poor’s
rating ‘A’
(Strong)
As at June 2015
libertyspecialtymarkets.com
Liberty Specialty Markets is the trading name for: Liberty Managing Agency Limited (LMAL) for and on behalf of the Lloyd’s underwriting
members of Lloyd’s syndicate 4472 (Syndicate 4472); Liberty Mutual Insurance Europe Limited (LMIE); Liberty Syndicate Services Limited
(LSSL); and Liberty Specialty Markets MENA Limited (LSMM). LMAL, LMIE and LSSL are UK companies (company numbers 3003606,
01088268 and 04845458 respectively), whose registered office is at 20 Fenchurch Street, London EC3M 3AW. LMAL and LMIE are authorised
by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA (reference numbers
204945 and 202205 respectively). LSMM (DIFC Licence No 1794; registered office: Unit 408, Level 4, Gate Village Building 5, DIFC,
PO Box 506574, Dubai, UAE) is regulated by the Dubai Financial Services Authority (firm reference F002783). LSSL is an Appointed
Representative of LMAL and LMIE. LSSL and LSMM are both authorised service company coverholders, with authority to enter into contracts
of insurance on behalf of Syndicate 4472, which is managed by LMAL. LSSL and LSMM have authority to enter into contracts of insurance
on behalf of LMIE. LMAL, LMIE, LSSL and LSMM are all part of the Liberty Mutual Insurance group of companies. When we offer insurance
products to you (the policyholder) we will make sure we tell you which insurer in our group will underwrite the policy.
© 2015 Liberty Managing Agency LimitedFI401-08-15