The global financial crisis has highlighted the need for specialists in financial institutions insurance who can demonstrate superior knowledge backed by strong and stable security. Our experienced lead underwriting team and QBE security gives us strong competitive advantage. The team underwrite a broad based account specialising in middle market financial institutions.
We consider all financial institutions including banks (retail, wholesale, mortgage, investment, merchant banks, government and development banks), saving and loan institutions, mortgage lenders, building societies, insurance companies, reinsurance companies, credit unions and friendly societies, fund managers, investment trusts, private equity companies, venture capital companies, factoring or leasing companies or stockbrokers.
All specialised insurance classes for such financial institutions to protect the business and its management against financial loss including:
Our financial institutions underwriters, part of the Financial Lines team, are recognised lead underwriters. We write business on a direct and facultative reinsurance basis. We have a broad distribution pattern including Lloyd’s brokers, non-Lloyd’s brokers, European brokers and QBE offices worldwide. We can write business on primary, excess or coinsurance basis using both QIE and Lloyds (syndicate 1886) security. Our capacity is £15m for each class.
We offer policies on Lloyd’s standard wordings, QBE standard wordings and bespoke wordings as appropriate.