Financial Services

In an era of economic uncertainty and increasing regulation, the banking and financial services industries are subject to ever-greater and ever-evolving risks. Our banking team has the industry expertise you need to ensure appropriate cover, intelligent underwriting and a responsive claims process. The key components of our financial services industry offering include: Banking, Asset Management, Insurance, Real Estate, Transaction Services, Financial Technology (FinTech), Regulatory Bodies, Consulting and Advisory Services.

Why IQUW works for Finanical Services

With the regulatory landscape shifting and legal responsibilities changing, staying ahead of the curve is imperative for financial services firms. We can offer a variety of tailored insurance products to help your clients navigate through these changes seamlessly. We provide robust coverage for banks, building societies, and diverse financial enterprises.

Data-centric

We use data to empower our people and decisions.

Automation

We streamline processes to keep everything running smoothly.

Expertise

Every underwriting department has specialist experience.

Financial Services Products

We offer a range of products to support a variety of insurance needs across the financial services sector. Find out more about each product by selecting one below.

Choose your product:

Crisis Management Cyber Direct & Facultative Property Directors & Officers Financial Institutions Political Risk Political Violence & Terrorism

Crisis Management

While every crisis is different, most demand immediate action. That’s why our comprehensive cover ensures a swift response every time.

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Product contamination

Recall liability for component parts

First party recall

Crisis Management points of contact

Jon Atkinson Lead Underwriter, Crisis Management Sam Pilkington Underwriter, Crisis Management George Davies Assistant Underwriter, Crisis Management Gavin Williams Head of Claims Tony Kriesel Head of Professional Lines and Specialty Claims Christopher Wilkinson Head of Specialty Vanessa Elliot Claims Handler, Specialty

Cyber

Cyber risks come in many forms - from malicious intent to employee error - and can impact every size of business from SMEs to multinationals. Whatever the size or nature of your business, we are here to help you assess the risks posed by cyber threats and arrange appropriate cover.

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Cyber Extortion

Business interruption

Data and system recovery

Incident response

Regulatory costs

Technological Errors and Omissions

Privacy liability

Cyber points of contact

Christopher Wilkinson Head of Specialty Andy Lewis Lead Underwriter, Cyber Jamie Doherty Senior Underwriter, Cyber Ciara Burke Underwriter, Cyber Tony Kriesel Head of Professional Lines and Specialty Claims Vanessa Elliot Claims Handler, Specialty Elena Holt Assistant Underwriter, Cyber

Direct & Facultative Property

Our D&F Property offering is far-reaching in scope and focused on long term partnerships with clients who are committed to risk management.

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We provide All Risks and single CAT peril coverage for physical damage to buildings, contents, machinery, stock, equipment and time element and loss of earnings

Basis of coverage is standard ISO and LMA policy forms, or Lloyd’s and broker manuscript forms by agreement

Consider risks through the full spectrum of TIV; SME to Large Commercial

Target primary and first excess buffer layers

Direct & Facultative Property points of contact

Robbie MacDonald Head of Property John Brown Lead Underwriter, Direct & Facultative Property Mike Barrett Lead Underwriter, Direct & Facultative Property Charles Tinworth Senior Underwriter, Direct & Facultative Property Liam Wood Underwriter, Direct & Facultative Property Rachel Stiff Assistant Underwriter, Property Oliver Colegate Underwriting Assistant, Direct & Facultative Property Stuart Bell Head of Property & Reinsurance Claims Peter Collop Senior Claims Handler, Property

Directors & Officers

Corporate officers face growing risks. Our cover is designed to offer them the personal protection they deserve.

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Damages, judgements  and settlements

Extradition Proceedings

Legal fees and expenses

Security Holder Demand Investigatory Costs

Derivative Suits

Securities Claims

Regulatory investigations

Directors & Officers points of contact

Gary Lill Head of Professional Lines Jason Butler Lead Underwriter, Professional Lines Elisabeth Groehe Senior Underwriter, Directors & Officers Emily Sands Assistant Underwriter, Directors & Officers Tony Kriesel Head of Professional Lines and Specialty Claims Tilly Milnes Senior Claims Handler, Professional Lines Vanessa Elliot Claims Handler, Specialty

Financial Institutions

The world of money is a magnet for claims. We provide seamless cover for all aspects of professional services within financial operations.

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Directors and Officers: Cover provides defence costs and indemnity in the event of litigation or investigations against individual Directors & Officers and/or the entity

Financial Institutions' Professional Indemnity: Protects financial institutions and their employees against claims from third parties arising from performance of or failure to perform professional services

Bankers Blanket Bond insurance and Financial Institutions Crime: Provides first party cover for financial institutions against acts committed by employees and non-employees that cause financial loss

Financial Institutions points of contact

Gary Lill Head of Professional Lines Tristram Prior Lead Underwriter, Financial Institutions Sam Waltier Underwriter, Financial Institutions Sophinne Aikins-Sancho Underwriter, Financial Institutions Jack Watson Assistant Underwriter, Financial Institutions Tony Kriesel Head of Professional Lines and Specialty Claims Tilly Milnes Senior Claims Handler, Professional Lines Vanessa Elliot Claims Handler, Specialty Noah Robinson Underwriting Analyst, Curtis Twomey Underwriting Analyst, Financial Institutions

Political Risk

The shifting geopolitical landscape demands flexible cover created through underwriting expertise and intelligent use of data automation.

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Political Risk (CEND)- Provides cover against asset loss or loss of an investment in a foreign country including confiscation, expropriation, nationalisation and deprivation, selective discrimination, forced abandonment, forced divestiture, exchange transfer and currency inconvertibility

Trade Credit/ Contract Frustration (CF) – Provides cover against non-payment or non-performance by a Sovereign or majority state-owned counterparty. We can also cover pre- and post-shipment, non-performance of a valid contractual obligation or the calling of a valid contractual bond

Political Risk points of contact