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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April 27, 2012 | Views: 1241 | Comments: 0 |
TCOR calculates the insurance-based aspects of risk. >>
April 03, 2012 | Views: 286 | Comments: 0
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... >>
May 01, 2012 | Views: 649 | Comments: 0 |
A summary of specific privacy and data breach exposures law firms face against a backdrop of increasing vulnerability in the digital age. >>
April 24, 2012 | Views: 212 | Comments: 0
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... >>
April 23, 2012 | Views: 483 | Comments: 0 |
Thirty-eight percent of D&O primary limit renewals experienced a rate increase in the first quarter 2012. >>
April 16, 2012 | Views: 2180 | Comments: 0 |
The Excellence survey gathered the views of 1,322 risk managers, top executives, and others. >>
March 28, 2012 | Views: 487 | Comments: 0 |
A panel of experts will examine the evolution of the Responsible Corporate Officer doctrine and its implications. >>
March 22, 2012 | Views: 588 | Comments: 0
These one-hour Webcasts will help organizations understand the fundamentals of claims management and loss control and claims management strategies. >>
March 15, 2012 | Views: 1899 | Comments: 0 |
Our panel of experts discussed the potential impact of the SEC guidance. >>
March 06, 2012 | Views: 1057 | Comments: 0 |
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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Views: 1565 | Comments: 0 |
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 >>
Views: 3363 | Comments: 0
Marsh's FCPA Corporate Response is the only insurance mechanism that provides cost of investigation coverage for both individuals and the organization. >>
Views: 3503 | Comments: 0 |
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... >>
Views: 1400 | Comments: 0 |
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... >>
Views: 2965 | Comments: 0 |
The Benchmarking Portal's rapidly growing database contains information on nearly 115,000 insurance policies covering $US75 billion in premium placements. >>
Views: 1363 | Comments: 0
Directors and officers operate in an extremely difficult environment. The fundamental principles governing their conduct have come under increasing judicial and regulatory scrutiny... >>
Views: 1814 | Comments: 0 |
Marsh offers a comprehensive program of employment practices liability insurance and risk management. >>
Views: 1722 | Comments: 0 |
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... >>
Views: 907 | Comments: 0
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... >>
Views: 841 | Comments: 2 |
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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April 10, 2012 | Views: 2222 | Comments: 0 |
Global property insurance rates show signs of firming. >>
February 02, 2012 | Views: 428 | Comments: 0
Underwriters are focused on risk selection, deploying capacity judiciously, and scrutinizing policy enhancements that expand the scope of coverage. >>
February 02, 2012 | Views: 399 | Comments: 0
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. >>
February 02, 2012 | Views: 392 | Comments: 0
Pricing for fiduciary liability insurance in 2011 sustained a modest downward trend, though at a reduced rate from the recent past. >>
February 02, 2012 | Views: 351 | Comments: 0
On average, employment practices liability insurance rates are decreasing in the low single digits. >>
February 02, 2012 | Views: 409 | Comments: 0
Overall, rates continue to decline for insureds with favorable risk profiles. >>
September 28, 2011 | Views: 7420 | Comments: 1 |
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... >>
July 19, 2011 | Views: 6514 | Comments: 1 |
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... >>
July 10, 2011 | Views: 2301 | Comments: 1 |
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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May 13, 2011 | Views: 1915 | Comments: 2 |
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)... >>
November 10, 2010 | Views: 1066 | Comments: 0
Risk managers must ensure they have adequate directors and officers coverage, as shareholder lawsuits increase with U.S. companies expanding overseas. >>
October 06, 2010 | Views: 1296 | Comments: 0 |
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... >>
August 18, 2010 | Views: 877 | Comments: 0 |
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... >>
July 02, 2010 | Views: 1025 | Comments: 0 |
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... >>
June 14, 2010 | Views: 2402 | Comments: 0
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 (... >>
May 25, 2010 | Views: 2661 | Comments: 0 |
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
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
RCO Corporate Response reimburses companies for the costs associated with RCO prosecutions and administrative debarment/exclusion proceedings. >>
October 19, 2011 | Views: 961
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
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 >>
July 11, 2011 | Views: 1019
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
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, 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
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 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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