Financial Institutions & Commercial Crime
Catlin has underwritten insurance for financial institutions and financial products for commercial business for more than ten years.
We are an established market leader for Financial Institutions insurance, with a focus on underwriting for the following types of company:
- commercial banks
- building societies
- mortgage lenders
- insurance companies
- credit card companies.
We underwrite a very client specific product with tailored policies based on detailed knowledge of client requirements. A large proportion of the business we write is on a lead basis.
- up to £10m/US$20m
- primary for small-to-medium financial institutions
- co-insurance lines for larger financial institutions.
Covers we offer include:
- Bankers Blanket Bond/Financial Crime
- Computer crime
- Credit card fraud
- Professional indemnity
- Directors’ and Officers’
- Pension fund trustee liability
Commercial Crime insurance
In the UK we write increasing volumes of Commercial Crime business through independent regional brokers.
Our tailored cover is suitable for all types of company. We write on a Primary basis for small to medium sized UK companies and an Excess basis for larger companies.
We offer a capacity of up to £10m.
Coverage can include:
- Employee dishonesty
- Physical losses inside and outside of premises
- Counterfeit and forgery risks Third party computer and funds transfer fraud
Expertise in financial insurance
Our Financial Lines underwriting teams are based in London and offices throughout the UK. As experts in their field, they offer extensive knowledge of local and overseas commercial markets.
Accessibility and excellent service are core to our business and we understand the importance of being able to build close relationships with local brokers and clients. Through this philosophy we can develop a greater understanding of clients’ individual requirements. In London we also have an extremely capable claims team.