Hiscox has established a new Financial Institutions (FI) offering, significantly enhancing the range of insurance cover financial institutions can buy from the business. The move will provide financial institutions with the option to choose up to four areas of cover: directors’ and officers’; professional indemnity/errors and omissions; crime; and cyber.
“Our comprehensive FI offering distinguishes us as one of the few London market carriers who can offer this breadth of cover, enabling us to further respond to the growing complexity of risks that financial institutions face,” says Colin Buchanan, Hiscox London Market’s Casualty Divisional Director.
FIs worldwide
Available to financial institutions worldwide such as banks, insurers and asset managers, with a particular focus on North American, UK, Australian and European institutions, Hiscox’s FI offering will allow brokers to provide clients with the broad multi-line coverage they need from a single insurer.
Joe Dearsley to head up FI team
The new FI offering will be headed up by Joe Dearsley, Senior Underwriter, who joins from Liberty Specialty Markets where, in addition to a previous role at AXIS, he has built up 15 years’ experience underwriting FI risks. He will report to Steven Pearsall, D&O Line Underwriter and be based in Hiscox’s London office. “We are delighted to attract an FI underwriter of the calibre of Joe as we expand in this area,” says Pearsall. “He has an outstanding track record and is highly respected by both brokers and customers alike. I look forward to working with him and other members of our team as we significantly develop our FI proposition.”
