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PBC Financial Institution Insurance Solutions
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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: MKambos@programbrokerage.com

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

Click here for more information on Professional Liability

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Anya Khanutina
Other articles by: Anya Khanutina
Categories: Professional Liability Insurance
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