financial institutions insurance News

Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions

Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O and PI combined facility for financial institutions in the UK, Europe and the Caribbean, backed by a $10 million Lloyd’s …

Markets/Coverages: IQUW Launches Financial Institutions Product in Australia

IQUW, the London-based property and specialty re/insurer, has announced that its financial institutions (FI) product, FortiFI, has launched new wording for the Australian insurance market. Launched in the US earlier this year, FortiFI is one of the only fully end-to-end …

Tech Update: WTW Offers Next Generation Investment Management Insurance Solution

WTW, the advisory, broking, and solutions company, has introduced “IMI Plus,” an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds, private equity firms and real estate strategies. …

Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians

Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity up to $825 …

Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers

Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment management insurance (IMI), blended with cyber and other coverage for asset managers, funds, and associated directors. The global company’s new …

Markets/Coverages: Aon Offers Financial Institutions Solution With Capacity of $100M

Insurance broker Aon plc announced the launch of a flagship new insurance solution, FI Protect 360, created in collaboration with several leading London market insurers. FI Protect 360 is designed to address key operational risks faced by today’s financial institutions …

People Moves: Mosaic Hires BHSI’s Dilley to Lead Financial Institutions; BMS Re Names Guy Carpenter’s Gomez as EVP, LatAm & Caribbean

This edition of International People Moves details appointments at Mosaic Insurance and BMS Re. A summary of these new hires follows here. BHSI’s Dilley to Lead Financial Institutions at Mosaic Insurance Specialist underwriter Tom Dilley has joined Mosaic Insurance to …

People Moves: D&O MGA Tegron Names Tokio Marine’s Shergill Sr U/W; AXIS Financial Institutions Hires 3 for London Team; Aon Re’s Russell Is Casualty Treaty U/W at Atrium

D&O Insurer Tegron Names Tokio Marine’s Shergill as Senior U/W Tegron Specialty, the Beat Capital backed D&O underwriting specialist, announced the appointment of Kiran Shergill as senior underwriter. Shergill will report to Ray Pallett, CUO, and assumes her role with …

OneAdvent’s Financial Lines MGA Secures Capacity from Active Re

OneAdvent, the London-based managing general agency platform, has secured additional capacity for its financial lines MGA from Barbadian reinsurer Active Re. Active Re has granted delegated underwriting authority to OneAdvent to write financial institutions and commercial D&O on a facultative …

Beazley Renews Capacity Support for Spring Partners’ Financial Institutions Business

Spring Partners, the London-based managing general agency platform, announced that insurer Beazley has renewed its capacity support for Spring’s financial institutions business for another 12 months from July 1, 2021. Financial details of Beazley’s capacity provision were not disclosed. “The …