1 March 2017
Welcome to the latest instalment of the Arthur J. Gallagher Financial Institutions Risk Bulletin.Read more...
16 February 2017
The institute of risk management (IRM) has warned that cyber threats to businesses are not only increasing, but are becoming much more diverse. The recent events at Tesco Bank, where the accounts of an estimated 9,000 customers were compromised in a cyber-attack costing the company approximately £2.5 million*, highlighted the risks associated with the protection of third party data.Read more...
24 November 2016
Welcome to the latest instalment of the Arthur J. Gallagher Financial Institutions Risk Bulletin.
Here we review trends in the UK affecting the use of D&O policies, and explore how mass account hacking is spreading to the west. In addition, we highlight some major recent appointments in the Financial Institutions insurance market.Read more...
22 June 2016
In this bulletin we provide a review of Cyber solutions and future legislation, a new asset based lending fraud insurance and an update on sanctions enforcement.Read more...
14 April 2016
Many financial institutions now purchase a programme of locally fronted insurance policies, centred around a global master policy. It's seen as the most efficient way of dealing with local compliance and regulatory requirements that need to be catered for when you operate globally. However, the overall pool for insurers capable of offering this service is fairly limited, meaning it may not be the most cost effective option.Read more...