PBC Financial Institution Insurance Solutions

Anya Khanutina , 12/30/2016

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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 InvestmentNews®

Advisers are bracing for a September market storm.
The usual volatility could be enhanced by the Fed, geopolitics and the presidential election. History, combined with the start of the presidential debates during an unprecedented election year, a potential rate hike by the Fed, and rising geopolitics risks, could make this September more interesting than usual.

"This presidential election is the mother of all uncertainties," said Leon LaBrecque, managing partner and chief executive officer at the wealth management firm LJPR Financial Advisors.

With perspectives ranging from, it happens every year to it's going to be worse this time, advisers are hunkering down for increased client communications and portfolio adjustments.

If you thought you only needed homeowners', think again! Are you properly protected from investor and regulatory litigation?

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: [email protected]

Shawn Flanagan | Phone: 484-344-4647 | Email: [email protected]

Click here for more information on Professional Liability

www.programbrokerage.com

To contact us, and for more information, please visit our CompleteMarkets storefront.

Categories: Professional Liability Insurance


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