Lockton’s dedicated Financial Institutions Insurance Practice is made up of industry experts, who provide intelligent and alternative coverage solutions to help you protect your balance sheet. Placing advocacy and agility at the core of our approach, our specialists utilise a deep understanding of our clients’ financial activities, articulating these in the best possible light to the global insurance market.

— PRODUCTS AND SERVICES

Global Financial Institutions

Bespoke insurance and risk solutions for financial institutions

In an increasingly litigious, highly-regulated and ever-changing economic environment, financial institutions have never faced more pressing risks than they do today. In order to tackle these, businesses require insurance protection that is truly tailored to their individual risk profiles.

Lockton’s dedicated Financial Institutions Practice is made up of industry experts, who provide intelligent and alternative coverage solutions to help you protect your balance sheet. Placing advocacy and agility at the core of our approach, our specialists utilise a deep understanding of our clients’ financial activities, articulating these in the best possible light to the global insurance market. We’ll then co-ordinate with A-rated insurers to craft a tailored programme that insulates our clients from any potential risk.

As a broker with global capabilities, not only do we understand your specific requirements, we also know how your world is developing. We have the market leverage required to secure substantial, uncompromised and affordable insurance coverage. Plus, our skilled claims technicians will advocate tirelessly for you in the event of an allegation against your business.

What we bring to your business

What we cover

  • Dedicated account management

  • Comprehensive, cost-effective financial insurance

  • Compliance with local regulations and any contractual requirements; eg AIFMD, MiFID II/MiFIR, UCITS regime, NPPR and Basel II

  • Financial risk management solutions

  • In-house claims team

  • Industry experts to interrogate the standard conditions against the full suite of coverage, from operational to the corporate

  • Unparalleled market access

  • Independent benchmarking

  • Analytics to calculate your cost of risk and evaluate retention vs transfer options

Our services

  • Directors’ and officers’ liability

  • Professional Indemnity

  • Crime

  • Cyber 

  • Office contents insurance

  • Employers’ liability

  • Public liability

  • Business liability

  • Business travel

  • Employee benefits

Related products and services

  • W&I Insurance

  • Cyber

  • Office Insurance

  • Private Clients

  • Employee Benefits

  • Claims Consultancy

Lockton Financial Institutions Contacts

Nina
Haug
Senior Vice President
+47 934 11 065
Email
Maria
Farrugia
Associate
Email

Latest news and insights

Most firms very wisely seek to limit their liability to clients in their engagement letters. It makes sense to do this so the firm and the client both know how much financial compensation might be available if things go wrong. But while limiting liability is good risk management practice, such clauses must be drafted carefully to be effective. Problems arise where the perceived losses are more than the limit of liability contained in the engagement letter. And if restrictions and exclusions are too onerous, they could be deemed unenforceable, leaving liability unrestricted. Law firms: limiting liability in engagement letters

Law firms: limiting liability in engagement letters

article
This article has been produced by Jason Nash , Solicitor at law firm Browne Jacobson, in collaboration with Nicola Anthony, Risk Manager at Lockton. Most firms very wisely seek to limit their liability to clients in their engagement letters. It makes sense to ...
Read moreLaw firms: limiting liability in engagement letters

Hydrogen vehicles and refuelling stations: property considerations

Increasing fuel costs and the ongoing need to reduce carbon emissions means that businesses continue to look at reducing their reliance on the fossil fuel internal combustion engine. Electric vehicles are at present the main contender, although hydrogen-based technology could provide another alternative for commercial vehicles. Hydrogen has been used for many decades in various industries and provides a high energy density fuel when burned, producing no greenhouse gases. However, hydrogen also presents several hazards and there are safety factors to consider when planning its storage and use. Increasing fuel costs and the ongoing need to reduce carbon emissions means that businesses continue to look at reducing their reliance on the fossil fuel internal combustion engine. Electric vehicles are at present the main contender, although hydrogen-based technology could provide another alternative for commercial vehicles. Hydrogen has been used for many decades in various industries and provides a high energy density fuel when burned, producing no greenhouse gases. However, hydrogen also presents several hazards and there are safety factors to consider when planning its storage and use.

Lockton Norway AS: Where exceptional talent is driving rapid growth

Lockton Norway AS has revealed its succession plan for its senior leadership team. The move follows the company’s rapid growth in the region. Anders Johannessen will become CEO of Lockton’s Norway business from May 1. His predecessor Cato Aamodt will remain a key component of the Norwegian leadership team. Meanwhile, Lorraine Boyle is set to become chair of Lockton Norway, taking over from Alistair Rivers – CEO of the company’s Global Marine business. Lockton Norway AS has revealed its succession plan for its senior leadership team. The move follows the company’s rapid growth in the region. Anders Johannessen will become CEO of Lockton’s Norway business from May 1. His predecessor Cato Aamodt will remain a key component of the Norwegian leadership team. Meanwhile, Lorraine Boyle is set to become chair of Lockton Norway, taking over from Alistair Rivers – CEO of the company’s Global Marine business.

Deepfake and the risk of vendor fraud: challenges and solutions for solicitors

Advances in artificial intelligence (AI) technology are increasing the threat to solicitors of deepfake-enabled vendor fraud, with conveyancing and property transactions a particular target. Where successful, these frauds can inflict significant financial and reputational harm, both on a firm and its clients. To protect themselves, solicitors must adopt proactive measures to bolster their verification procedures and minimise their exposure.Advances in artificial intelligence (AI) technology are increasing the threat to solicitors of deepfake-enabled vendor fraud, with conveyancing and property transactions a particular target. Where successful, these frauds can inflict significant financial and reputational harm, both on a firm and its clients. To protect themselves, solicitors must adopt proactive measures to bolster their verification procedures and minimise their exposure.
See all news and insights

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