financial institution coverage News

CFC to Expand Coverage to FinTechs with Package Policy

CFC, a specialist insurance provider of emerging risks, has expanded its suite of products for financial institutions with the launch of a new product built specifically to cover the risks faced by organizations operating in the fintech space. According to …

Business Risk Partners Expands Into Financial Services Sector

Business Risk Partners (BRP) has expanded into the financial services sector with the addition of two specialty insurance coverages: miscellaneous professional liability insurance for a broad range of lenders, advisors and financial entities, as well as a comprehensive policy for …

Willis Towers Watson Launches Cyber, Fidelity Coverage for Financial Institutions

Willis Towers Watson has launched CyFI, or “cyberinsurance and fidelity,” for financial institutions that addresses coverage gaps between cyberinsurance policies and fidelity bonds. As financial institutions evolve in the digital age and integrate new technologies into their operations, they increase …

Berkley FinSecure Adds Cyber Breach Services to Management Liability Policies

Berkley FinSecure, a W. R. Berkley Company, has enhanced its management liability coverage for policyholders with the electronic banking option to include access to CYBER Carry*Thru, powered by NetDiligence. CYBER Carry*Thru is a private mobile-friendly portal containing information and technical …

XL Catlin Launches Financial Institution Bond Insurance Coverage

XL Catlin’s Global Professional business has launched a suite of new financial institution bond insurance policies in the U.S., offering financial institutions balance sheet protection against employee dishonesty, burglary, robbery, forgery, and similar crimes. XL Catlin’s new Financial Institution Bond …