OneBeacon Financial Institutions™
Financial intuitions are highly trusted members of the business community that provide asset protection, investment and financial lending solutions, among other services. Protecting these entities against a broad range of professional and management liability exposures is OneBeacon Financial Institutions exclusive focus.
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.
Products & Coverage
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.
News & Insights
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.