What can go wrong?

Financial institutions require highly specialised protection. This is due to a combination of factors including the complex nature of the products and services they provide, the amounts of money involved, the onerous regulatory framework and the number and diversity of potential claimants that a wrongful act could attract.
At MGB we build long term relationships with our broker partners and their clients, using our broad expertise across the sector which includes:

Loan Providers/Lenders 
Venture capital funds


Payment Processors
Clearing houses

Wealth managers
Pension funds

Mergers and Acquisitions Consultants
Money exchanges

Corporate Service Providers
Stock exchanges

Mortgage lenders

Investment Managers
Currency houses

Property Investors
Foreign exchange dealers

Insurance companies
Credit unions

Asset managers

Hedge fund managers
Private equity funds and managers

Commodity brokers

Building societies 
Trading Platforms


The market

Their vulnerability to high value and high volume claims means the number of insurers who underwrite Financial Institutions (FI) risks is limited and exists largely (although not exclusively) in Lloyd’s. MGB is a Lloyd’s Broker with strong relationships with Financial Institutions insurers in both the Lloyd’s and company markets.

Cover considerations

The covers found under a FI product include:

  • Professional Indemnity
  • Directors & Officers
  • Crime (including Bankers Blanket Bond)
  • Unauthorised Trading Liability
  • Employment Practices Liability
  • Public Offering of Securities Insurance (POSI)
  • Cyber and Data Liability

The placement of FI risks often involves tailored, modular policies with multiple layers and multiple insurers.

At MGB we offer more than just expert advice

Working with a specialist who understands the complexity of the risks facing financial institutions and the intricacies in the protection available is critical. At MGB we have a wealth of expertise and we know how to use it in the best interests of our broker partners and their clients:

  • We understand the intricacies of FI risks
  • We know which insurers to approach and how to present FI risks
  • We have access to substantial capacity
  • We can provide bespoke wordings
  • We are Lloyd’s brokers and have strong relationships with both Lloyd’s and company underwriters
  • We can advise on self-insurance and captives
  • Our claims team is in-house. Claims can be extremely complicated, sensitive and time consuming to resolve.

So, you’ll have complete peace of mind.

To find out more about
call or email:

Marie Voysey-Moss
FI/D&O Manager
020 3757 0122


Pat Boreham
Broker Development
020 3757 0138


Or complete and return our Broker Application Form.