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The core business within the area Financial & Professional is the provision of retail and wholesale client services to financial institutions, professional service firms and major commercial corporations worldwide. Our core products fall under three broad categories:
Management Liability
Globalisation, the evolving litigious environment and the increasing demands of corporate governance means that every corporate director and officer, whether their company is large or small, is a potential target for litigation. Shareholders, employees, customers, suppliers and regulatory bodies are all a potential source of legal action that could have serious financial implications for a business. The personal assets of a director or officer may also be at risk in such circumstances.
In October 2007, Jardine Lloyd Thompson was the proud sponsor of a Financiers Worldwide special report focusing on Corporate Governance. Michael Lea, Partner and Head of the D & O unit at Jardine Lloyd Thompson Limited, contributed two articles to the report. The first is titled ‘With the best intention...' and deals with the impact of changes to corporate governance within the insurance market and the second is titled ‘The delicate science of compliance’ looks at the issues surrounding the adequacy of a global D & O policy.
These articles can be downloaded and we welcome your views and comments.
Professional Liability
The need for errors and omissions protection for professionals in a wide range of fields where services are provided for fees continues to grow. Professionals who require this coverage include financial institutions and financial service firms, architects & engineers, law firms, employed lawyers and a multitude of miscellaneous professionals.
Crime and Safe Custody
In a market place dominated by third party exposures, it is important not to lose sight of the first party risks facing Financial Institutions and many commercial organisations. There are many different aspects of "crime" and safe custody risks, but the majority fall within Employee Infidelity and third party theft. The resultant direct losses to the company can be significant.
Our portfolio of insurance risk solutions designed to protect you, your business and its assets in today’s challenging business environment also includes:
- Specialist solutions for E-commerce and media
- Niche products such as unauthorised trading and warranties and indemnities insurance
