Starr’s Financial Institutions team is a market leader in the financial institution space.
The Financial Institution team works hard to understand each client’s specific risk profile and offers a wide range of custom tailored products to meet each client’s individual needs. Starr can offer coverage for Financial Institutions on an excess basis.
Asset Managers | Participate in excess of USD 5m (PI, Crime & D&O)
Private Equity | Participate in excess of USD 5m (PI, Crime & D&O)
General Insurers | Participate in excess of USD 20m (D&O) and excess USD 30m (PI & Crime)
Life Assurers | Participate in excess of USD 30m (D&O) and excess USD 75m (PI & Crime)
Large Banks | Participate in excess of USD 30m (D&O) and excess USD 75m (PI & Crime)
Building Societies / Challenger Banks | Participate in excess of USD 15m (D&O) and excess USD 30m (PI & Crime)
FIPI | USD 2.5m – USD 7.5m (Maximum USD 10m / Average USD 4.5m)
BBB | USD 2.5m – USD 7.5m (Maximum USD 10m / Average USD 4.5m)
FIDO | USD 5m – USD 10m (Maximum USD 20m / Average USD 6.5m)
We can write in all territories, subject to our appetite for the FI Industry, with the exception of the geographies:
USA:DIC | USA domiciled risks are dealt with locally. London can write Side A
Australia | We write Australian D&O, not PI & Crime
Israel and Turkey | We have very limited appetite for PI & Crime
Coverages described herein are underwritten by Starr Underwriting Agents Limited on behalf of Starr Managing Agents Limited (Lloyd’s Syndicate CVS 1919), Starr International (Europe) Limited and UK Branch of Starr Europe Insurance Limited. Starr Insurance Companies is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. The coverages described in this document are only a brief description of available insurance coverage. It is intended for general information purposes only and does not provide any guidance regarding specific coverage available or any claim made thereunder. Any policy described herein will contain limitations, exclusions and termination provisions. Not all coverages are available in all jurisdictions. For costs and complete details of specific policy coverage, please contact an insurance professional by sending an email to the address provided above.