financial institutions News

Alex and Ani Jeweler Alleges Lending Gender Bias by Bank

A few short years ago, jewelry maker Alex and Ani LLC was the public example of a happy Bank of America Corp. customer. Now, it’s suing the lender for more than $1 billion in damages and alleging discrimination. The female-led …

WTW Taps Lockton’s Keville as Relationship Mgr in FINEX Financial Institutions Practice

Willis Towers Watson has appointed Henry Keville as lead relationship manager for Asset Management in the company’s FINEX Financial Institutions practice. Keville will join other specialist team members who provide tailor-made management liability product solutions and programs for the asset …

Chubb Names Kennett as Head of Financial Institutions for UK, Ireland and Global Mkts.

Chubb has appointed Jonathan Kennett as head of Financial Institutions for the UK and Ireland and Chubb Global Markets (CGM), the insurer’s London market wholesale and specialty arm. In this role, Kennett will have responsibility for the leadership, strategy and …

BHSI Launches Professional Liability Cover for Asset Managers and Funds in UK, Ireland

Berkshire Hathaway Specialty Insurance (BHSI) has launched Professional First Asset Management Liability Insurance, which provides broad professional liability, directors & officers liability, and crime coverage tailored for investment managers and funds in the UK and Ireland. “Highly volatile investment and …

Pioneer Underwriters Creates Single Global Platform for Financial Institutions

Pioneer Underwriters announced it has unified its financial institutions (FI) businesses into one global underwriting operation. Richard Coello leads the global FI team which will be responsible for all FI business written by Pioneer, utilizing the same capital base to …

Swiss Re Corporate Names Aerni as Global Head Casualty, Financial, Professional Lines

Swiss Re Corporate Solutions has appointed Philippe Aerni as global head of Casualty, Financial & Professional Lines. In this expanded role, Aerni will be responsible for products and global markets for these two lines of business. Based in Zurich, he …

QBE North America Appoints New Heads of Transactional Liability, Financial Institutions

Specialty insurer QBE North America has promoted Toria Lessman to senior vice president, head of Transactional Liability, and Stacey Meade to senior vice president, head of Financial Institutions. An attorney by trade, Lessman has a decade of insurance industry experience. …

Broker Protean Risk Taps Marsh’s Sargeaunt as Director of Fintech, Payment Services

Protean Risk, the London-based specialist Lloyd’s broker for asset management, financial services and technology firms, has appointed Tristan Sargeaunt as director of Fintech and Payment Services, where he will spearhead the development of insurance solutions for firms in this area. …

UK MGU StartPoint Taps Liberty Specialty’s Selby to Lead Financial Institutions Team

London-based managing general underwriter StartPoint Executive Risks has appointed Mark Selby as head of its newly created financial institutions underwriting practice. The FI practice is a complement to the current management liability underwriting practice and a next stage in the …

CFC Underwriting Offers Cover for Financial Institutions, Investment Managers

Specialist insurance provider, CFC Underwriting, has launched its first insurance solution for financial institutions. CFC’s Investment Management Insurance (IMI) policy is the first in a suite of products designed to address the challenging risk environment faced by investment managers. Combining …