Financial Institutions PI (FIPI)

Financial Institutions operate in increasingly complex, legal and regulatory environments. As such, providing professional services involves a greater risk of financial loss and, unfortunately, human error can never be fully avoided. Finding the right cover has become crucial.

Programme Features

  • Financial capacity of up to US$15 million (€15 million or £10 million) per PI stand-alone policy
  • Financial capacity of up to US$25 million (€25 million or £15 million) for a combined PI and D&O policy
  • Primary or excess

Best For

  • Accountants
  • Bankers and dealers
  • Other professionals

Summary of Coverage

Financial loss and reputation in a professional liability lawsuit can have a devastating effect on financial institutions and their employees who can be easily sued for their acts, errors or omissions when providing a service to their clients.

Tokio Marine HCC specialises in customising comprehensive financial institutions professional indemnity liability insurance that covers financial institutions and their management and employees in the event of a claim arising from professional negligence in the performance of services.

About the Financial Lines & Transaction Risk Team

Our centralised and unified management structure promotes real-time interaction between our transnational teams of underwriting, claims and legal professionals. The fact that our assets are consolidated under “one roof” makes us institutionally quick: quick to respond and to provide intelligent advice, innovative solutions and efficient claims handling.

For all international insurance and reinsurance business, we underwrite on behalf of the following affiliated insurance companies:

Tokio Marine Europe S.A.
Direct insurance and Facultative reinsurance.

HCC International Insurance Company plc 
Direct insurance and Facultative reinsurance. 

HCC Underwriting Agency (Lloyd's syndicate 4141)
Direct insurance and Facultative reinsurance.

To find out more about our affiliated insurance companies, please click here.

 

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.
financial strength

Our financial strength ensures our clients will always be protected.

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holistic portfolio

Our holistic portfolio of products includes more than 100 classes of specialty insurance

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Tokio marine

Tokio Marine HCC is part of Tokio Marine, a $31 billion company

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