Financial Lines

Financial Lines

Liberty Specialty Markets successfully delivers market-leading protection to a wide range of corporate entities and key employees.

Our highly experienced underwriters recognise that each business requirement is different and work with brokers and clients to arrange tailor-made solutions with the specific needs of the organisation or individual in mind.

Directors & Officers

As a leading insurer of Directors & Officers, we work closely with our broker panel and have the in-depth knowledge to provide creative solutions which meet the specific needs of the organisation or individual.

Our experienced teams have multi-lingual skills allowing us to give first class service no matter where the client is based. We underwrite business from a wide range of companies including Fortune 1000, FTSE 250 as well as small to medium sized organisations on a primary and excess basis.

Classes of Business

  • Directors & Officers Liability – protection for individuals for their liabilities as a director or officer of a corporation or financial institution
  • Pension Trustees’ Liability (PTL) – protection for pension fund trustees, employees and others with responsibility for company pension plans
  • Employment Practices Liability (EPL) – protection from claims arising from employment practice violations such as discrimination, sexual harassment and unfair dismissal
  • Commercial Crime – protection for companies against fraud, dishonesty or forgery by their employees or third parties
  • Public Offering of Securities Insurance (POSI) – protection for directors, officers and the company involved in issuing a financial prospectus from, for example, exposure to overstatement of revenues or misrepresentation of profit forecasts
  • Side A DIC – protection for individual Directors and Officers against losses not indemnified by their company that their traditional D & O policies do not cover – as well as providing liability limits exclusively for Directors and Officers

Line Size

  • USD 25 million (Euro 25m, GBP 15m, CHF25m)

Territories

  • Worldwide

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Financial Institutions

As a leading insurer in the Financial Institutions sector, we work closely with our brokers and have the knowledge to provide creative & considered solutions which meet the specific needs of the organisation.

Our experienced teams have multi-lingual skills allowing us to give first class service no matter where the client is based. We offer a wide range of products to financial institutions across the World (excluding US liability) on a primary and excess basis. Target risks include retail and commercial banks, investment managers, fund managers, private equity and venture capital, corporate finance, wealth managers, hedge funds and stockbrokers. We are also willing to consider investment banks, insurance companies, credit institutions, building societies, United States domiciled FI crime, stock exchanges and local branches of foreign banks.

Classes of Business

  • Bankers Blanket Bond
  • Computer Crime
  • Professional Indemnity/Civil Liability
  • Directors & Officers (including Side A DIC)
  • Public Offering of Securities Insurance (POSI)
  • Charity Trustees Liability
  • Pension Trustees Liability
  • Employment Practices Liability
  • Commercial Crime

Line Size

  • USD 25 million (EURO 25m, GBP 15m, CHF 25m)

Territories

  • Worldwide (excluding US liability)

Downloads

Financial Lines (Bermuda)

We provide excess financial lines capacity with a Follow Form Excess Form across all financial lines and, for Errors and Omissions business, a Memorandum of Insurance.

We provide excess capacity across the full suite of financial lines products and are available for public, private, and not for profit entities across a wide range of industry classes.

Directors and Officers

D&O Public:

Our Follow Form Policy sits excess of traditional D&O policies providing protection for a public company and its directors & officers in securities claims and for individuals for wrongful acts, from the increasing risk exposures associated with today’s business environment.

  • Limits USD 75 million

 

D&O Private:

Our Follow Form Policy sits excess of traditional D&O policies providing protection for a private company and its directors & officers in securities claims and for individuals for wrongful acts, from the increasing risk exposures associated with today’s business environment.

  • Limits USD 75 million

 

D&O NonProfit:

Our Follow Form Policy sits excess of primary products designed specifically to protect not-for-profit organizations from complex and costly litigation that could also threaten the personal assets of Directors and Officers.

  • Limits USD 75 million

 

Side A:

Our Follow Form Policy provides protection for Directors and Officers of both public and private companies for non-indemnifiable claims, with expansive coverage and difference-in-conditions (DIC) enhancements.

  • Limits USD 75 million

Lead E&O DIC

Our Pioneer for Professions product offers follow-form E&O protection with difference in-conditions insurance, including drop down coverage options for:

  • wrongful refusal to pay by an underlying carrier;
  • inability to pay, resulting from the insolvency of an underlying carrier; and
  • by election, drop-down punitive damage protection.

 

  • Limits USD 75 million