FINANCIAL AND PROFESSIONAL

Marsh's Financial and Professional Liability Practice (FINPRO) is dedicated to financial and professional liability insurance coverages. With more than 1,100 colleagues in the practice, FINPRO is represented in virtually every major Marsh office globally.


Marsh's Financial and Professional Liability Practice (FINPRO) is dedicated to financial and professional liability insurance coverages. With more than 1,100 colleagues in the practice, FINPRO is represented in virtually every major Marsh office globally.

Our staff includes specialists who can provide consulting services around the exposures our clients face. These consulting services address claims advocacy, cyberrisk liability, initial public offerings, corporate governance, and other areas of concern for our clients.

Our client base ranges from the largest global companies to small, privately held companies in all industries, which have a particular strength in the financial institutions sector. Additionally, we count specialized entities among our clients such as nonprofits, trusts, mutuals, limited liability companies, and general partnerships, to name a few.

Although the exact coverages placed by Marsh through the FINPRO Practice may vary slightly by country, the main coverages placed include:

  • directors and officers;
  • professional indemnity;
  • employment practices liability;
  • fidelity (crime); and
  • fiduciary liability.

In fact, the complete list of insurance placed includes more than 50 types of coverages; in some cases, Marsh is the exclusive broker.

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Risk Spotlight: Beyond TCOR—Harnessing Data and Analytics
April 27, 2012  |  Views: 1241 |  Comments: 0  | Article Rating
Risk Spotlight: Beyond TCOR—Harnessing Data and Analytics
TCOR calculates the insurance-based aspects of risk.  >>
Dukes v. Wal-Mart May Benefit Companies Seeking Insurance for Wage and Hour Class Action Claims
April 03, 2012  |  Views: 286 |  Comments: 0 
Dukes v. Wal-Mart May Benefit Companies Seeking Insurance for Wage and Hour Class Action Claims
A recent decision of a California appellate court (and other similar decisions around the country) could help convince insurers that wage and hour class and collective actions, par...  >>
FINPRO Focus: Privacy Counsel for Law Firms
May 01, 2012  |  Views: 649 |  Comments: 0  | Article Rating
FINPRO Focus: Privacy Counsel for Law Firms
A summary of specific privacy and data breach exposures law firms face against a backdrop of increasing vulnerability in the digital age.  >>
FINPRO Focus—A Global View: Understanding and Complying with Compulsory Multi-Jurisdictional Professional Liability Insurance Requirements
April 24, 2012  |  Views: 212 |  Comments: 0 
FINPRO Focus—A Global View: Understanding and Complying with Compulsory Multi-Jurisdictional Professional Liability Insurance Requirements
Regulations addressing local insurance requirements differ from place to place (and can frequently change). As a result, firms operating across jurisdictional boundaries must be co...  >>
Benchmarking Trends—Directors and Officers Liability Coverage for Public Companies
April 23, 2012  |  Views: 483 |  Comments: 0  | Article Rating
Benchmarking Trends—Directors and Officers Liability Coverage for Public Companies
Thirty-eight percent of D&O primary limit renewals experienced a rate increase in the first quarter 2012.  >>
Excellence in Risk Management IX: Bridging the Gap: Be Visible, Be Valuable, Be Strategic
April 16, 2012  |  Views: 2180 |  Comments: 0  | Article Rating
Excellence in Risk Management IX: Bridging the Gap: Be Visible, Be Valuable, Be Strategic
The Excellence survey gathered the views of 1,322 risk managers, top executives, and others.   >>
Webcast: Are You and Your Executives at Risk? (Replay)
March 28, 2012  |  Views: 487 |  Comments: 0  | Article Rating
Webcast: Are You and Your Executives at Risk? (Replay)
A panel of experts will examine the evolution of the Responsible Corporate Officer doctrine and its implications.  >>
Webcast: Risk Management 201: Best Practices in Claims Management
March 22, 2012  |  Views: 588 |  Comments: 0 
Webcast: Risk Management 201: Best Practices in Claims Management
These one-hour Webcasts will help organizations understand the fundamentals of claims management and loss control and claims management strategies.  >>
Webcast: Cyber Risk, the SEC, and the Boardroom (Replay)
March 15, 2012  |  Views: 1899 |  Comments: 0  | Article Rating
Webcast: Cyber Risk, the SEC, and the Boardroom (Replay)
Our panel of experts discussed the potential impact of the SEC guidance.  >>
Benchmarking Trends—Employment Practices Liability Insurance Purchasing and Pricing Behavior
March 06, 2012  |  Views: 1057 |  Comments: 0  | Article Rating
Benchmarking Trends—Employment Practices Liability Insurance Purchasing and Pricing Behavior
EEOC regulatory and enforcement activities and increasing EPL claims and exposures are contributing factors to the limits purchasing trend seen across all industry sectors.  >>
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Errors & Omissions Risk Profile and Maps for Communications, Media and Technology Companies
Views: 1565 |  Comments: 0  | Article Rating
Errors & Omissions Risk Profile and Maps for Communications, Media and Technology Companies
Marsh has developed a proprietary suite of risk assessment tools to identify and quantify media liability, errors and omissions (E&O), privacy, and network security risks  >>
Insurance Coverage for FCPA Investigation Costs
Views: 3363 |  Comments: 0 
Insurance Coverage for FCPA Investigation Costs
Marsh's FCPA Corporate Response is the only insurance mechanism that provides cost of investigation coverage for both individuals and the organization.   >>
Management and Professional Liability: Insurance for Hedge Funds/Alternative Investment Funds
Views: 3503 |  Comments: 0  | Article Rating
Management and Professional Liability: Insurance for Hedge Funds/Alternative Investment Funds
In the current environment, it is essential for an organization to have a skilled and experienced intermediary working to ensure that the most cost effective D&O/E&O insurance prog...  >>
RCO Corporate Response
Views: 1400 |  Comments: 0  | Article Rating
RCO Corporate Response
RCO Corporate Response provides insurance coverage for pharmaceutical, life sciences, and health care corporate officers who may be held liable under the Responsible Corporate Offi...  >>
Benchmarking Services
Views: 2965 |  Comments: 0  | Article Rating
Benchmarking Services
The Benchmarking Portal's rapidly growing database contains information on nearly 115,000 insurance policies covering $US75 billion in premium placements.  >>
Directors & Officers Liability
Views: 1363 |  Comments: 0 
Directors & Officers Liability
Directors and officers operate in an extremely difficult environment. The fundamental principles governing their conduct have come under increasing judicial and regulatory scrutiny...  >>
Employment Practices Liability — Global Leaders: A Comprehensive EPL Initiative for Large Companies
Views: 1814 |  Comments: 0  | Article Rating
Employment Practices Liability — Global Leaders: A Comprehensive EPL Initiative for Large Companies
Marsh offers a comprehensive program of employment practices liability insurance and risk management.  >>
Employment Practices Liability: Leaders Preferred Employment Liability Solutions for Mid-Size Companies
Views: 1722 |  Comments: 0  | Article Rating
Employment Practices Liability: Leaders Preferred Employment Liability Solutions for Mid-Size Companies
The Leaders Preferred initiative provides mid-size employers (employee range: 250 to 4000) with broad employment practices liability insurance coverage, coupled with an effective r...  >>
FINPRO Financial Institutions Center of Excellence
Views: 907 |  Comments: 0 
FINPRO Financial Institutions Center of Excellence
The Financial Institutions Center of Excellence, based in New York, comprises 25 professionals and is led by a team of senior advisors, each with more than 15 years of industry exp...  >>
Investment Banking Errors and Omissions Insurance
Views: 841 |  Comments: 2  | Article Rating
Investment Banking Errors and Omissions Insurance
Investment banking errors and omissions liability insurance helps financial institutions to address and manage the unique exposures present in today’s businesses face.  >>
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Global Insurance Market Quarterly Briefing: Q1 2012
April 10, 2012  |  Views: 2222 |  Comments: 0  | Article Rating
Global Insurance Market Quarterly Briefing: Q1 2012
Global property insurance rates show signs of firming.  >>
U.S. Insurance Market Report 2012:  Financial and Professional — Fidelity/Crime Insurance
February 02, 2012  |  Views: 428 |  Comments: 0 
U.S. Insurance Market Report 2012: Financial and Professional — Fidelity/Crime Insurance
Underwriters are focused on risk selection, deploying capacity judiciously, and scrutinizing policy enhancements that expand the scope of coverage.  >>
U.S. Insurance Market Report 2012: Financial and Professional — Commercial Errors and Omissions
February 02, 2012  |  Views: 399 |  Comments: 0 
U.S. Insurance Market Report 2012: Financial and Professional — Commercial Errors and Omissions
Although it is still possible to obtain rate reductions for good risks, the magnitude of reductions has declined and some clients are seeing flat renewals or even modest increases.  >>
U.S. Insurance Market Report 2012: Financial and Professional — Fiduciary Liability
February 02, 2012  |  Views: 392 |  Comments: 0 
U.S. Insurance Market Report 2012: Financial and Professional — Fiduciary Liability
Pricing for fiduciary liability insurance in 2011 sustained a modest downward trend, though at a reduced rate from the recent past.  >>
Financial and Professional: Employment Practices Liability - U.S.
February 02, 2012  |  Views: 351 |  Comments: 0 
Financial and Professional: Employment Practices Liability - U.S.
On average, employment practices liability insurance rates are decreasing in the low single digits.  >>
U.S. Insurance Market Report 2012: Financial and Professional — Directors and Officers
February 02, 2012  |  Views: 409 |  Comments: 0 
U.S. Insurance Market Report 2012: Financial and Professional — Directors and Officers
Overall, rates continue to decline for insureds with favorable risk profiles.  >>
Global Insurance Market Update — Third Quarter 2011
September 28, 2011  |  Views: 7420 |  Comments: 1  | Article Rating
Global Insurance Market Update — Third Quarter 2011
While catastrophe-exposed risks experienced tough insurance market conditions, pricing decreases in other lines of business fostered a stable environment over the past three months...  >>
United States
July 19, 2011  |  Views: 6514 |  Comments: 1  | Article Rating
United States
Catastrophe (CAT) losses worldwide in the first half of 2011 caused insurers and reinsurers to review rates, risk aggregations, and exposures as their CAT claim reserves were furth...  >>
Global Insurance Market Update—2nd Quarter 2011
July 10, 2011  |  Views: 2301 |  Comments: 1  | Article Rating
Global Insurance Market Update—2nd Quarter 2011
Following the first quarter’s earthquake in New Zealand, floods in Australia, and earthquake, tsunami and nuclear disaster in Japan, the second quarter of 2011 brought more d...  >>
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Dodd-Frank Whistleblower and Clawback Provisions to Affect Directors and Officers
May 13, 2011  |  Views: 1915 |  Comments: 2  | Article Rating
Dodd-Frank Whistleblower and Clawback Provisions to Affect Directors and Officers
Directors and officers may be directly affected by the whistleblower and “clawback” provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank)...  >>
Multinational Companies Face Increased D&O Risks With Tighter Insurance and Tax Regulations
November 10, 2010  |  Views: 1066 |  Comments: 0 
Multinational Companies Face Increased D&O Risks With Tighter Insurance and Tax Regulations
Risk managers must ensure they have adequate directors and officers coverage, as shareholder lawsuits increase with U.S. companies expanding overseas.  >>
Provisions of Wall Street Reform May Affect Non-Admitted Premium Tax Obligations
October 06, 2010  |  Views: 1296 |  Comments: 0  | Article Rating
Provisions of Wall Street Reform May Affect Non-Admitted Premium Tax Obligations
Certain provisions of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act may affect state premium tax obligations resulting from premium payments made t...  >>
Wall Street Reform Act to Streamline Surplus Lines and Reinsurance Reform
August 18, 2010  |  Views: 877 |  Comments: 0  | Article Rating
Wall Street Reform Act to Streamline Surplus Lines and Reinsurance Reform
Recent legislation, passed by the U.S. Congress and signed into law by President Obama, creates within the Treasury Department a new Federal Insurance Office (FIO) to streamline su...  >>
Market Development Relating to Deepwater Horizon Event
July 02, 2010  |  Views: 1025 |  Comments: 0  | Article Rating
Market Development Relating to Deepwater Horizon Event
The April 20, 2010, fire and explosion of the Deepwater Horizon Offshore Drilling Unit and the ensuing oil discharge (the "Deepwater Event") has caused significant damage along the...  >>
Largest-Ever Punitive Damages Award in Employment Practices Case Highlights Need for Liability Insurance
June 14, 2010  |  Views: 2402 |  Comments: 0 
Largest-Ever Punitive Damages Award in Employment Practices Case Highlights Need for Liability Insurance
A recent ruling by the U.S. District Court for the Southern District of New York, in which the court awarded $250 million in punitive damages in an employment practices liability (...  >>
Marsh CEO: Insurance Industry Needs Differentiation, Innovation
May 25, 2010  |  Views: 2661 |  Comments: 0  | Article Rating
Marsh CEO: Insurance Industry Needs Differentiation, Innovation
Marsh chairman and CEO Dan Glaser described the multiple challenges facing the risk management and insurance communities in a speech to insurance industry leaders at InsideScope 20...  >>
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April 16, 2012  |  Views: 535
Marsh-RIMS Survey Finds Risk Managers and Senior Leaders Differ on Role of Risk Management
An overwhelming majority of risk managers and C-suite executives agreed that expectations of the risk management function have increased in recent years.  >>
February 08, 2012  |  Views: 621
Marsh and Allied World Launch Responsible Corporate Officer Doctrine Coverage
RCO Corporate Response reimburses companies for the costs associated with RCO prosecutions and administrative debarment/exclusion proceedings.  >>
October 19, 2011  |  Views: 961
Marsh Webcast October 26—Hot Topics and Innovations in Financial and Professional Liability
The webcast will examine the latest trends in financial and professional liability and the innovations being introduced to address the risks associated with the Foreign Corrupt Pra...  >>
September 30, 2011  |  Views: 1273
No Overall Change to Insurance Rates in Q3: Marsh
Despite significant insurance losses in the first half of the year, insurers have remained competitive but cautious.  >>
July 12, 2011  |  Views: 1036
Marsh Webcast July 20: Insurance Market Update Midyear 2011
Marsh Webcast July 20: Insurance Market Update Midyear 2011  >>
July 11, 2011  |  Views: 1019
Marsh Launches Insurance Coverage for Foreign Corrupt Practices Act Investigation Costs
Marsh Launches Insurance Coverage for Foreign Corrupt Practices Act Investigation Costs. FCPA Corporate Response Offers Industry’s Broadest Protection for Investigative Costs Unde...  >>
April 27, 2011  |  Views: 2854
First-Quarter Insurance Rate Increases Confined to Loss-Affected Exposures: Marsh
Global Insurance Markets Under Pressure as Atlantic Hurricane Season Approaches Despite record level first-quarter catastrophe losses, insurance rate increases were confined to lo...  >>
April 25, 2011  |  Views: 1098
Harry Markopolos, 'Madoff Whistleblower,' To Be Guest Speaker at Marsh Client Breakfast at RIMS 2011
Harry Markopolos, who discovered the fraudulent practices of Bernard L. Madoff Investment Securities, will be the guest speaker at Marsh's client breakfast to be held on May 3 du...  >>
April 21, 2011  |  Views: 1376
Marsh Launches First-of-its-Kind Dodd-Frank/FDIC Receivership Endorsement
To provide additional cover to executives and directors at financial companies, whose personal assets are now at greater risk as a result of expanded Federal Deposit Insurance Corp...  >>
January 26, 2011  |  Views: 1741
Soft Commercial Insurance Market Conditions Set to Continue into 2011: Marsh
Soft commercial insurance market conditions persisted throughout the United States in 2010 and are poised to continue into 2011, according to a comprehensive report published today...  >>
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Contacts
Lou Ann Layton
U.S. FINPRO Practice Leader
New York NY United States
212 345 3891
louann.layton@marsh.com
   
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