SID Re considers financial-line risks requiring disciplined underwriting, clear wordings and a thorough understanding of the insured’s governance, operations and professional exposures.
Potential Risk Segments
Directors and Officers Liability
Protection relating to claims made against directors, officers and senior management arising from alleged wrongful acts.
Professional Indemnity
Protection for professionals and service providers against claims involving errors, omissions, negligence or breach of professional duty.
Financial Institutions Professional Indemnity
Specialist protection for banks, investment firms, asset managers and other approved financial institutions.
Bankers Blanket Bond
Protection against selected fraud, dishonesty, theft and operational crime exposures affecting financial institutions.
Commercial Crime
Protection against employee dishonesty, forgery, theft, computer crime and other specifically insured criminal acts.
Fidelity Guarantee
Protection against financial loss arising from dishonest or fraudulent acts committed by employees.
Employment Practices Liability
Protection relating to employment-related claims, including wrongful dismissal, discrimination and harassment.
Transactional Risks
Selected representations and warranties, tax or contingent-risk exposures, where specialist expertise and capacity are available.
Technology Errors and Omissions
Protection for technology companies and service providers against claims arising from failures in professional or technology services.
Financial-lines opportunities remain subject to detailed review of governance, financial condition, claims history, regulatory exposure, internal controls and policy wording.