OneBeacon Financial Institutions™

OneBeacon Financial Institutions considers clients of all sizes, both public and private including, security broker dealers and captive agents, insurance companies, banks (greater than $5 billion in corporate assets), insurance agents and brokers, investment advisors, mutual funds, hedge funds, real estate investment trusts, business development companies, private equity and venture capital firms, and miscellaneous financial institutions.

Our products include directors and officers liability (ABC and Side A/DIC), professional liability, employment practices liability, fiduciary liability, cyber liability and financial institutions bonds. Coverage is offered on both a primary and excess basis.

This article, co-authored by Robert Usinger of OneBeacon Claims, appeared in the January 2017 issue of Corporate Disputes. It explains how new cyber security requirements will affect financial companies doing business in New York.

NOTE: Since the publication of this article, the New York Department of Financial Services has delayed the implementation of the new cyber security rules for financial institutions. However, given the potential impact of these regulations, we wanted to share this article with producers and insureds.