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  • 13 February 2018

    Financial Institutions - Monthly operational risk losses

    We are pleased to publish the first of our monthly bulletins responding to the insurability of the largest recent operation risks events for financial institutions. Each month issues a breakdown of the top five events and in these bulletins we consider their relevance to insurance and the extent to which coverage is available. In addition, we take a look at the key topical issues in the market at present and what this might mean for you.

    Financial Institutions - Monthly operational risk losses bulletin
  • 3 December 2017

    The Criminal Finances Act 2017

    The prevention of tax evasion has been brought into sharp focus in the United Kingdom by the recent introduction of the Criminal Finances Act 2017 (‘the Act’), which introduces new corporate criminal offences of failing to prevent facilitation of UK and foreign tax evasion. The consequences for a corporate entity of falling foul of the Act are significant, including unlimited fines, likely disclosure to professional regulators and reputational damage. Financial institutions are particularly vulnerable to prosecution.

    The Criminal Finances Act 2017
  • 24 October 2017

    Financial Institutions Market Conditions

    2017 looks as if it might be one of the most expensive years on record for insurers due to hurricanes Harvey, Irma and Maria (known as HIM). The total insured losses from these natural catastrophes are still being calculated, but they could exceed US$100 billion and this will almost certainly have a detrimental effect for some insurance buyers, especially those with large US property exposure. The obvious concern is whether this hardening of terms will spread to the financial institutions insurance market place?

    Financial Institution Market Conditions
  • 15 August 2017

    The Insurance Implications Of The FCA Asset Management Study

    The recent Asset Management Market Study published by the Financial Conduct Authority (‘FCA’)1 has proposed certain remedies to increase investor protection, including:

    Financial Institutions
  • 1 August 2017

    Credit and Political Risk Report & Market Update – July 2017

    We are pleased to publish the latest Arthur J. Gallagher Credit and Political Risk Report & Market Update for July 2017.

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