Financial Institutions
Evolving Risks: The New Financial Landscape
Emerging Challenges come with new threats that need distinct definition and cutting edge insurance solutions.
Read More
March 24, 2025
Financial Institutions & Capital Risk Enterprises
Protecting Banks, Investment Firms, and Fintech Leaders against Cyber Threats, Fiduciary Exposure, and Operational Risk.
Financial institutions manage complex regulatory, digital, and fiduciary risks at scale. Our risk strategies safeguard against evolving threats while supporting compliance, reputation, and operational continuity across volatile economic and political environments.
89%
Of institutions report rising cost from regulatory and third-party liability exposure.
$36T
U.S. financial institutions manage more than $36 trillion in total assets.
74%
Of cyberattacks target financial services firms more than any other sector.
The Unique Risks of Financial Institutions
Banks, lenders, investment firms, and fintech platforms operate under extreme scrutiny, rising digital threats, and fiduciary complexity — requiring insurance programs built for evolving risk, reputational integrity, and global compliance mandates.
Cyber Attacks and Ransomware - Threats targeting customer data, funds transfers, and digital infrastructure.
Directors & Officers (D&O) Liability - Claims against executives tied to mismanagement, disclosures, or regulatory failures.
Professional Liability Exposure - Lawsuits stemming from advisory errors or transcation missteps.
Regulatory Investigations - SEC, FINRA, and global enforcement actions requiring specialized defense coverage.
Third-Party Vendor Risk - Operational risk caused by breaches or failures by outsourced service providers.
Insurance programs protect financial institutions from systemic threats, reputational loss, regulatory actions, and digital disruption in today's hyper-connected and high-liability environment.
Specialized Coverages for Financial Institutions
Cyber Liability & Data Breach Coverage
Cover breach, phishing, ransomware, and system compromise.
Business interruption and recovery cost reimbursement.
Crisis communication and forensic investigation support.
Errors & Omissions (E&O)
Protects against client claims of misrepresentation or profesional failure.
Includes coverage for wealth advisors, analysts, and underwriters.
Often required in high-net-worth financial service contracts.
Directors & Officers (D&O)
Defense against lawsuits tied to executive mismanagement or shareholder actions.
Public and private firm coverage options.
Global extensions for cross-border regulation and investigations.
Fiduciary Liability Insurance
Coverage for pension fund, trust, or ERISA-based mismanagement claims.
Protects boards and plan administrators from personal exposure.
Often paired with employee benefits and D&O programs.
Financial Institution Bond/Crime
Protection from employee dishonesty, theft, and wire fraud.
Coverage for forgery, computer crime, and third-party deception.
Required by many state and federal regulatory agencies.
Case Study
The Risks of Leading in a Global Financial Ecosystem
New York, NY
Morgan Stanley Data Breach
A third-party vendor mishandled hardware, exposing sensitive data for millions of clients.
London, UK
FCA D&O Action
U.K. regulators charged bank executives with misconduct under the Senior Managers Regime.
San Francisco, CA
Crypto Exchange Collapse
A leading digital exchange failed, exposing investors and triggering E&O and D&O coverage disputes.
