The global credit crisis, regulatory changes, and massive government intervention are but three of the factors that have significantly altered the landscape of the financial institutions (FI) industry. It is against this backdrop that risk and capital management have moved to the forefront of virtually every corporate agenda.
Customers, shareholders, and regulators are demanding that institutions enhance risk management processes and techniques that balance risk and reward.
With this increased focus on risk, FI risk managers are challenged to validate their risk treatment strategies. Risk managers must demonstrate thoughtful planning to identify exposures and take appropriate action to mitigate risk.
Marsh is well positioned to help its FI clients stay abreast of the evolving risk landscape and manage global risks, both as a provider of quality information and as a trusted advisor in translating information into a plan of action. For decades, Marsh has been the leading broker and risk advisor to the financial institutions industry, providing risk solutions and products to thousands of financial institutions around the world.
Marsh's FI Practice works with clients to provide effective risk mitigation strategies that can help them deal with these challenges. Marsh offers an array of consultative and risk transfer services for any size firm in a wide range of areas, including:
- Investment banks;
- Securities brokers-dealers;
- Investment advisors / asset managers;
- Mutual funds;
- Insurance companies;
- Credit unions;
- Government-sponsored agencies; and
- Other diversified companies.
To effectively meet the needs of such a diverse assortment of financial institutions, Marsh provides coverage for a variety of exposures, including:
- Corporate governance;
- Business continuity;
- Operational risk; and
- Mergers and acquisitions.
Coverage is provided through a comprehensive suite of products including, but not limited to, the following major categories:
- Bankers blanket bond;
- Business interruption;
- Casualty and umbrella liability;
- Cyber risk;
- Directors and officers liability;
- Employment practices liability;
- Errors and omissions;
- Intellectual property;
- Mortgage impairment;
- Political risk;
- Terrorism; and
- Workers' compensation.
Risk Analysis Tools
In addition, our corporate affiliate Oliver Wyman — the financial services industry's leading consultant in risk management — offers unique tools for integrating risk analysis, profitability, and value creation.