Reinsurance News
Financial Institutions
Amiga Specialty partners with AXA XL to bolster Financial Institutions offering
24th March 2026
Amiga Specialty, a specialist managing general agent (MGA), has secured a significant capacity agreement with AXA XL, which will bolster its Financial Institutions (FI) proposition and accelerate its growth across international markets. The deal focuses on providing coverage for core FI risks, including directors and officers (D&O) liability, professional liability, and ... Read the full article
BHSI promotes Chris Polechronis to Head of Financial Institutions, US
5th February 2026
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has announced the promotion of Chris Polechronis to Head of Financial Institutions in the U.S. Based in New York, Polechronis will be responsible for the company’s financial institutions business nationwide. He brings nearly 25 years of industry ... Read the full article
Warty to lead Mosaic finpro lines for Americas expansion
9th December 2025
Mosaic Insurance, a specialty insurer focused on financial institutions and cyber risk, has announced the appointment of Sachin Warty as Global Head of Financial Institutions & Professional Liability (FinPro), December 15. Warty’s hire is part of the firm’s expansion plans for its financial institutions and professional liability business lines across North ... Read the full article
Liberty Specialty Markets launches crypto insurance for financial institutions
14th July 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched a new insurance product tailored for financial institutions operating in the cryptocurrency market. The product was developed in response to growing demand from the financial sector, which faces ongoing uncertainty due to rapid macroeconomic, regulatory, and technological changes—such as ... Read the full article
Beazley launches new combined coverage consortium for financial institutions
21st October 2024
Specialty insurer Beazley has launched a new combined consortium, FLEX, offering comprehensive civil liability, crime/fraud, and cyber coverage for financial institutions. The consortium provides a streamlined solution, addressing the full range of crime, professional, Directors & Officers (D&O), and cyber risks faced by these complex institutions. With coverage limits of up to ... Read the full article
Markel hires April Tam to strengthen Financial Institutions proposition in Asia
20th September 2024
Markel, the insurance arm of global re/insurer Markel Group Inc., has announced the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. In this role, Tam will focus on strengthening Markel's financial institutions offerings in Asia. She will collaborate with ... Read the full article
Alta Signa backed by A-Rated capacity providers
23rd February 2022
Alta Signa, a European boutique Managing General Agent, has been backed by five leading capacity providers from Company Markets and Lloyd’s Europe to write business across the financial lines and cyber insurance markets in Europe. The lines of business provided includes Directors & Officers (D&O), with up to €25mn in capacity, ... Read the full article
Aon hires Pete Rutherford as Enterprise Client Leader, FI, UK
11th January 2022
Insurance and reinsurance broker Aon has appointed Pete Rutherford as Enterprise Client Leader, Financial Institutions in the UK, reporting to Richard Phelps, Head of Financial institutions (FI), UK and EMEA. Rutherford will help build key client relationships for Aon ... Read the full article
Corvus enters FI market with new data-driven suite
15th October 2021
Corvus Insurance has announced its entry into the financial institutions insurance market with the launch of a data-driven suite of offerings designed for the investment advisor market. Smart Investment Advisor Insurance is a comprehensive, modular policy offering Directors & Officers, Errors & Omissions, Fund Liability, Employment Practices Liability and Fiduciary lines. Additionally, ... Read the full article
Chubb develops financial institution fidelity bond for asset managers
18th December 2019
Global re/insurer Chubb has introduced a new fidelity insurance solution to address the risks currently faced by asset managers. The Financial Institution Bond for Asset Managers provides coverage for a range of risks that can result in loss of customer capital. These risks often stem from fraudulent activities of employees, computer hacking ... Read the full article
Pioneer combines financial institutions operations into single platform
4th February 2019
Pioneer Underwriters has unified its financial institutions businesses into a single global underwriting operation, led by Richard Coello. The team will now be responsible for all financial institutions business written by Pioneer, utilising the same capital base to write business from its offices in London, Brussels and New York. Coello has served ... Read the full article
Liberty Specialty expands UK Financial Institutions team
1st October 2018
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has expanded its London-based Financial Institutions (FI) team with the appointments of a new Underwriting Manager and Senior Underwriters. Sam Adamson has been promoted to Underwriting Manager for Financial Institutions, UK and Ireland after six years of working in the ... Read the full article
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