Financial Institutions

Novae is a market leader and one of the largest providers of financial institutions insurance at Lloyd’s. It leads 70 per cent of the business it underwrites.

Its team of experienced underwriters has built up a worldwide client base in this class, with particular emphasis on the UK, the United States, South Africa, Canada and Australia. The unit also has specific expertise in emerging markets.

The account includes:

Crime

• Crime products for financial institutions
• Unauthorised trading policies for financial institutions, as well as the treasury operations of non-financial institutions
  
• Computer crime policies for financial and non-financial institutions
  
• Credit card fraud policies
  
• Commercial crime policies
  

Professional Indemnity

• Policies for the range of financial institutions listed below
  
• Bespoke products for major international institutions
  

Directors' & Officers' Liability

• General directors' & officers' liability policies for all financial institutions
  
• Specific directors' & officers' liability products for funds and investment managers
  
  Institutions underwritten include:
  
  
• Central, international, commercial and private banks
  
• Hedge fund, private equity and investment managers
  
• Stockbrokers and wealth managers
  
• Stock exchanges
  
• Corporate finance advisers
  
• Building societies
  
• Depositaries, settlement and clearing operations

If you require any further information please

or email your enquiry to: financialinstitutions@novae.com