CompleteMarkets
Program Brokerage Corporation (PBC), is a powerful market resource for brokers and agents, we are also a partner for carriers reaching out to the commercial insurance buyer in innovative, cost-effective ways. We’ve pioneered an innovative approach to Purchasing Group Insurance buying, which has won popular acclaim.
PBC Financial Institution Insurance Solutions
Program Brokerage Corporation
Financial Institution Insurance Solutions
Provided by Program Brokerage Corporation
Financial Institutions policies are among the most complex in the insurance industry. The specialists at Program Brokerage Corporation (PBC) have over 30 years of experience working for, underwriting to, and representing financial institutions.

Litigation involving financial institutions is at an all time high. Do you have the proper coverage in place for the continuing and expanding regulatory exposures?

The continuing evolvement of investor and regulatory litigation has resulted in a dramatic increase of management and professional liability exposures for all sectors within the financial institution community. The statistics are staggering. Prior to 2008 and the financial crisis, regulatory claims represented 20% of all claims. Today, it is upwards of 80% and it is not slowing down. In 2014, the Securities and Exchange Commission (SEC) filed more actions than ever before in the history of commission.
From a feature in a recent issue of Investment News® .  
SEC Propsals Target Mutual Funds
New advice and investment firm rules would change the fund universe.
Proposed fiduciary standards from the SEC will require representateies to select investments in the best interests of investors. This includes the requirement for fund managers that invest in derivatives to establish a chief risk officer position. These regulations may raise the barriers of entry to the mutual fund industry even higher because they would cause fund managers to incur substantial expense.
Cases range from the following:
  • Significant market structure cases against exchanges, alternative trading systems and broker-dealers.
  • Important financial reporting and audit cases, including fraud cases, cases against auditors and violations of the internal controls requirements.
  • Insider trading cases against traders of all different types.
  • Microcap fraud cases against repeat players.
  • Asset management cases, including misrepresentations.
  • Important cases relating to complex products and credit ratings.
  • Other groundbreaking case in muni markets.
Customized insurance solutions are available to address these exposures!

PBC can create tailored programs to serve the following:
  • Asset Managers, including:
    • Investment Advisors
    • Mutual Fund Managers
    • Hedge Fund Managers
    • Real Estate Investment Trusts
    • Private Equity/Venture Capital Managers
    • Family Offices
    • Financial Consultants
  • Banks/Lending Institutions, including:
    • Retail Banks
    • Commercial Banks
    • Credit Unions
    • Mortgage Brokers/Bankers
  • Insurance Companies, including:
    • Life/Property & Casualty
    • Alternative Risk Transfer
    • Risk Retention Groups
    • Captive Insurance Companies
  • Security Broker Dealers

PROGRAM BROKERAGE CORPORATION
"Our Relationships Are Your Advantage"

Michael Kambos | Phone: 212-338-2924 | Email: MKambos@programbrokerage.com

Shawn Flanagan | Phone: 484-344-4647 | Email: SFlanagan@programbrokerage.com

Click here for more information on Professional Liability

www.programbrokerage.com
To contact us, and for more information, please visit our CompleteMarkets storefront.
Program Brokerage Corporation
1065 Avenue of the Americas
New York, NY 10018
tel: 212.338.2983 | fax: 917.934.4677
www.ProgramBrokerage.com
Anya Khanutina
Other articles by: Anya Khanutina
This content has not been rated yet.