Flex, combined financial institutions & cyber

Up until now, Financial Institutions have needed at least two different policies and sometimes two different insurers for their Crime/Fraud, Civil Liability and Cyber covers. Not only does this duplicate effort and create inefficiencies, it’s rife with the potential for gaps in coverage.

Flex, our new combined Financial Institutions & Cyber solution changes all of that. 

Backed by a Consortium that allows us to bring unrivalled capacity of up to €50M/USD50M, we’ve combined Civil Liability, Crime/Fraud and Cyber cover for financial institutions into one single policy. Directors & Officers (D&O) cover is also available, if required.

Other benefits for our clients include:

A joined-up solution for today’s interconnected risks:

This unique offering meets broker and client demands for simplicity, efficiency (not paying for the same cover twice) and advanced protection to better manage complex and interconnected risks in one single policy. With a flexible approach to how limits are deployed, we can find a solution that best suits our clients’ needs. Combined or separate limits for all coverages are available.

Simplified claims handling:

Our specialist claims team are at the forefront of managing claims. Thanks to the single policy there’s no complexity of arbitrating between the coverages from two different policies or possibly two (or more) different insurers, at a time of stress for our client.

Available to Financial Institutions of all sizes, we have a broad appetite with a focus on the following organisations:

• Banks (Retail, commercial, investment)
• Insurance Companies (P&C, composite and life)
• Investment Management (asset managers, hedge funds, private equity)
• Technology Driven Risks
• Miscellaneous Risks (stockbrokers, regulated businesses)

Available to financial institutions on a global basis, excluding US domiciled businesses.

Access Flex via your usual underwriter that ensures a single contact point and an easy, seamless placement.