Financial Institutions

Financial Institutions

ACROSS THE WORLD, FROM PRIVATE EQUITY FIRMS TO INVESTMENT, WEALTH & ASSET MANAGERS,
WE’LL PROTECT YOUR RISKS

ACCESS TO MARKETS
& STRONG INSURER RELATIONSHIPS

We provide solutions from all the leading insurers & specialist Lloyd’s markets

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020 3915 0103

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ENTREPRENEURIAL

Our specialist team anticipate your emerging risks & provide innovative solutions to mitigate those risks

YOU REQUIRE CUTTING-EDGE RISK MANAGEMENT EXPERTISE

To protect against emerging threats and relieve the ever-increasing pressure of regulatory scrutiny. Our team of specialist experts will take the time to identify every risk exposure of your business then ensure adequate levels of insurance protection to mitigate those risks.

We will become your trusted advisers always at hand to offer guidance and support as your financial operations evolve and regulatory requirements are revised and updated.

FINANCIAL INSTITUTIONS

A sample of the different types of financial organisations we insure

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HEDGE FUNDS
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PRIVATE EQUITY FIRMS
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FAMILY TRUSTS
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VENTURE CAPITALISTS
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INVESTMENT MANAGERS
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CRYPTOCURRENCY EXCHANGES & TRADERS
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WEALTH MANAGERS
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BANKS & BUILDING SOCIETIES
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TRUST COMPANIES
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FAMILY OFFICES
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INVESTMENT FUNDS
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STOCKBROKERS

INSURANCE COVERS

A sample of the main insurance covers we provide

We’ve included a concise explanation of each area of cover and how it works below. If the cover you require isn’t listed, don’t worry, talk to us because this is just a small sample of the most common covers we provide. Whilst we’ll always ensure you’re covered for almost all situations, if there’s a risk unique to you, please contact us and we will try to devise bespoke protection to meet your individual needs.

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DIRECTORS & OFFICERS

Financial institutions must operate according to laws, rules and regulations; these increase risks of potential litigation and consequent loss.

Increased focus from regulatory bodies (Bank of England, Prudential Regulation Authority and Financial Conduct Authority) will require that you protect your key personnel against any legal action taken directly against them.  

Claims where a director’s personal liability could be questioned might arise because of investors or shareholders blaming the decisions of directors for their losses or perhaps because of an investigation undertaken by regulators. Directors and officer’s insurance covers a wide range of scenarios: from the legal costs and damages where, actionable mistakes have been made, through to arranging and paying for legal representation throughout lengthy and expensive official investigations.

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PUBLIC OFFERING OF SECURITIES INSURANCE (POSI)

Public Offering of Securities Insurance (POSI) policy protects a company and its directors against liabilities arising from offering the company’s securities for sale and listing on a public stock exchange.

 Investors may claim the full value of their loss if the information in the prospectus is proved to be wrong, possibly years later. 

A POSI policy offers bespoke cover for public offerings including initial public offerings and debt or equity rights issues. It specifically responds to the risks associated with the offering faced not only by directors, but also by the company and any controlling or selling shareholders.

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WARRANTIES & INDEMNITIES

Warranties and Indemnities insurance provides the insured seller or buyer with cover for losses suffered from warranty breaches and claims under the general tax indemnity under a sale and purchase agreement

A key advantage of Warranties & Indemnities insurance for a seller is that it limits its liability and offers a “clean exit” from an investment. Buyers use it to make their bids more attractive to sellers and to protect the value of their investment once deals are done.

CRIME & COMPUTER CRIME

Crime insurance protects against any dishonest acts of your employees including damage to your property, fraud or theft of a client’s property. Crime policies cover includes financial transfer fraud relating to documents of value, payment instructions, securities, mortgage instructions. It also includes any fraud resulting in theft of money, securities or property via telephone, email, internet, extranet, or website and computer virus.

CYBER INSURANCE

is designed to help financial intuitions offset the costs of data recovery after a cyber-related security breach, ransomware attack or similar event. A comprehensive cyber policy will cover you for the direct costs and liability to third parties following a cyber-attack. However, policies often exclude financial or asset losses incurred by your business following an attack.

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PROFESSIONAL INDEMNITY

If you provide investment or financial advice and your service fails to meet the expectations of a client, you or your business may be faced with a claim of negligence. You could be held liable for any financial loss.

A standard policy covers breaches of any financial professional’s duty carried out in good faith or negligent acts, such as errors or omissions in their professional capacity.

Professional indemnity insurance is mandatory for some financial professionals such as financial advisers and accountants.

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BUILDINGS & PROPERTY

If you own a building whether as part of financial investments or from which you run a financial business, you will need to protect the bricks and mortar. Buildings insurance usually provides cover against flood, fire, storm damage, subsidence and theft. We can place cover for single commercial properties or property investment portfolios. Cover can be extended to include Debris Removal, Builders Risk Insurance and Glass Insurance.   Contents insurance cover will cover what is inside the buildings including fixtures, fittings and items such as furniture and computer equipment.

Tysers Risk Services

BENEFIT FROM OUR COMPLIMENTARY
RISK MANAGEMENT SUPPORT

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As a busy court of protection team we choose to work with professionals who understand our clients’ specific needs. The Tysers team, headed by the excellent Lesley Breen, are our go to broker. We know they will provide solutions to the problematic situations we face and the service provided by the whole team is second to none.”

SENIOR ASSOCIATE, LEADING LAW FIRM, MANCHESTER