Financial Lines insurance
Financial Institutions and Commercial Crime covers are offered as part of the Financial & Professional Risks team at Catlin Australia. The Australian Financial & Professional Risks team was established in 2009, and built on the capabilities that had been developed in the UK, USA and Asia.
Catlin Australia are able to provide standard or tailored solutions for Financial Institutions and Commercial Crime classes of business, as well as Management Liability and Professional Indemnity.
Financial Institutions
We have a broad appetite for all financial services organisations including, but not limited to, ASIC licensees, advisors, fund managers, banks and lending institutions. We will also write Financial Planners on an excess basis.
Capacity
We offer a capacity of up to $20 million.
Products offered
- Directors' & Officers' Liability insurance
- Professional Indemnity insurance
- Bankers Bond insurance
- Electronic & Computer Crime insurance
- Investment Managers insurance.
Commercial Crime insurance
We are also able to provide standard or tailored solutions for Commercial Crime insurance for a wide variety of businesses.
Underwriting appetite
We have a broad appetite for most commercial enterprises including listed companies, multinational organisations, SME’s, not-for-profit organisations and Government Owned Organisations. We require our insured to self insure a retention/excess of $25,000.
Capacity
Up to $20 million.
Expertise in Financial Institutions & Commercial Crime
Our Sydney-based Financial Institutions and Commercial Crime underwriters have extensive industry experience. They are experienced in finding the right insurance solutions for a variety of Financial Services and Commercial companies. With our growing global underwriting and claims presence in the UK, the USA, Europe, Asia and now Australia, we are well equipped to provide a customer-centric, solutions-focused underwriting approach to our clients.
We work with a small panel of brokers specialising in Financial & Professional Risks to provide innovation and excellence in underwriting. We will write business either on a 100 per cent or a co-insurance basis, utilising our knowledge and experience to provide the solutions that clients need.
Why Catlin?
As a wholly owned subsidiary of Catlin Group Limited, our underwriters in Australia have the same authority as if they were located in the Lloyd’s building, so we can react quickly and flexibly to brokers’ needs. This often means developing new products to meet changing requirements - an area in which we are particularly strong.
Catlin Australia offers all the benefits of placing coverage locally with a Lloyd’s syndicate, access to one of the largest networks in the insurance industry, giving the ability to offer local documentation wherever in the world your clients operate. We look forward to helping you provide your clients with a service that makes a real difference to their risk management strategies.
Our philosophy of comprehensive attention to detail prior to risk acceptance means we aim to act as partners in risk management to our client base rather than just capacity providers. We have found that this approach reduces the occurrence of relationship-damaging disputed claims scenarios and, accordingly, our reputation for fair and prompt claims settlement is unrivalled.