Financial institution and financial service companies face increasing global challenges, with increased focus on regulation, governance and business practices through to initiatives involving capital adequacy. The complexity of these risks mean that specialist insurance solutions are an essential concern.
Increased scrutiny demands greater expertise on the part of an institution’s advisors. The specialists in our Financial Institutions Practice can add particular value, whether your concern is to mitigate risk, reduce capital requirements or expand into new markets.
For financial institutions that operate in Canada or globally, our access to global insurance markets is an important source of capacity and innovation to address our clients’ unique needs and requirements. We offer advice, design and execution services across be spoke and standard products, which range from traditional crime, professional liability and Directors' & Officers' risks to newer exposures where financial institutions are increasingly relying on blockchain, artificial intelligence and other emerging technologies.
Gallagher’s Financial Institutions Practice understands the factors and trends creating fast paced innovation and change in the financial services industry. We tailor our services to all financial sectors, including, but not limited to:
• Asset and wealth management firms
• Credit unions
• FinTech companies
• Insurance companies / MGAs / MGUs
• Investment advisors
• Private equity and venture capital
• Other financial services firms
• Credit and Non-Payment Insurance
• Cyber Liability
• D&O Liability / Employment Practices Liability
• Fiduciary liability
• Fidelity Bonds & Other Crime Coverage
• Kidnap, Ransom & Extortion
•Professional Errors & Omissions Liability
•Transactional risk products (Reps & Warranties)