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  • 2 September 2015

    Bank of New York Mellon computer glitch – cyber or professional indemnity insurance?

    A recent article in the Financial Times (26th August - Funds scramble to assess computer glitch) has documented the problems experienced by one of the largest custodian banks as the result of a computer glitch. 

    In short, it appears that the computer systems used by the bank to calculate the Net Asset Values (NAVs) of its fund clients has suffered problems following a failed software upgrade by one of its suppliers. This may have led to investors buying or selling funds at inaccurate prices and the funds in question being unable to disseminate accurate price information.

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    cyber insurance
  • 29 July 2015

    Financial Institutions Risk Bulletin - July 2015

    In the July edition of our Arthur J. Gallagher Financial Institutions Risk Bulletin we update you on the implications of insurance market consolidation, include an important note on the changes to UK Insurance Premium Tax, highlight a recent decision by the UK Supreme Court regarding contractual interpretation, and examine proposed legislation to address the UK gender pay gap. Finally we introduce another member of our team, Piers Stannus.

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  • 24 June 2015

    Financial Institutions Risk Bulletin- June 2015

    Welcome to the June 2015 edition of the Arthur J. Gallagher Financial Institutions Risk Bulletin.

    In this edition Holman Fenwick Willan LLP discuss the implications to financial institutions of the new Senior Managers Regime and our Employment Benefits team review recent changes to Excepted Group Life Policies.

    Click here to download the full bulletin.  

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    FI Risk Bulletin June 2015
  • 20 May 2015

    Financial Institutions Risk Bulletin - May 2015

    Welcome to the May 2015 edition of the Arthur J. Gallagher Financial Institutions Risk Bulletin.

    In this edition we review the 2015/16 FCA business plan, K&L Gates provide an update in relation to Anti Money Laundering developments and recent Employment Tribunal awards are discussed.

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    FI Risk Bulletin May 2015
  • 8 April 2015

    Financial Institutions Risk Bulletin - April 2015

    Welcome to the April 2015 edition of the Arthur J. Gallagher Financial Institutions Risk Bulletin.

    Alongside the announcements of two new and updated policies for Financial Institutions from Arthur J.Gallagher, we also break the exciting news of the Arthur J. Gallagher brand ambassador, a sporting hero to many, he’s bringing his winning skills to the insurance world. In addition, we look at insurance market consolidation and what this means for financial institutions insurance.

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