Insurance for Banks & Financial Institutions

sharing banks and financial institutions documents in meeting

Products and Services

With a rich heritage of more than 100 years’ experience insuring financial institutions — including asset management firms and funds, banks and other lending institutions, and insurance companies — Chubb offers a broad spectrum of quality, customizable insurance solutions and services for financial institutions. You can count on our knowledgeable underwriters, risk engineering specialists, worldwide claims staff, and financial strength.

Property insurance
Supported by our exceptional risk engineering, claims services, and global capabilities, our dedicated underwriters tailor your property coverage to meet the unique needs of your business.
General liability insurance
Coverage can be purchased packaged or monoline and include a blend of traditional insurance and alternative risk financing mechanisms to help manage your company’s liability risk.
Umbrella & excess casualty insurance
Our robust, feature-rich policies offer insurance protection on an excess or umbrella basis over and above your underlying policy limits and coverage options for your organization’s unique exposures.
Directors & officers liability insurance
In an increasingly litigious business landscape, safeguard the personal assets of your directors & officers as well as your balance sheet from legal costs and liability damages arising from D&O duties.
Errors & omissions (E&O) insurance
In an increasingly litigious society, it’s critical to have insurance protection against liabilities impacting professionals, the services they provide, and their company’s financial reputation.
Workers' compensation insurance
Companies of all sizes can get customized coverage with features like proactive managed care to speed return-to-work timeframes, fraud detection and prevention, and litigation and recovery management.
Brendan Arnott
Chubb Specialist Profile

Meet our Financial Institutions Industry Practice Leader

Brendan Arnott

EVP, Financial Institutions Industry Practice Leader

“The depth of our expertise means that we’re willing take on unique exposures and create custom solutions for our customers that make sense for everyone.”

Case Studies

An asset management firm with a global footprint required frequent overseas travel for its employees

This financial institutions client required a range of insurance coverages, including coverage for employees traveling globally in case of theft, accident, or illness. Chubb's global operations in 54 countries ensure that our solutions are backed by claim professionals who understand the specific challenges that accompany losses in another country. Chubb also has travel assistance partners with extensive medical networks for delivering services ranging from telemedicine to hospital referrals to medical evacuation anywhere in the world.

An insurance company boasting over 50 years in the business and with a fine art collection

This client is an insurance company that required a wide-ranging financial institutions insurance package that includes an art floater for its collection, group personal excess liability for employees, and accident and health policies. Chubb’s extensive risk engineering service was highly valued for its property risk offering, which includes drone rooftop inspections and water mitigation capabilities through its cutting-edge water sensor tech.

A fast-growing regional bank with locations in multiple states was concerned about data privacy and security

This client required a tailored solution that integrates property, casualty, and cyber insurance. Our Customarq package includes a broad range of coverages and services, including mortgage impairment and foreclosed property, that can help protect the client’s balance sheet.

Frequently Asked Questions

Using our clients as examples, financial institutions typically purchase a package policy for small or mid-sized companies, which includes not only broad property and general liability coverages, but also features and benefits not found in other industry policies. In addition, they tend to round out their insurance programs with workers compensation, commercial auto, financial lines coverages such as cyber and directors and officers (D&O) or errors and omissions (E&O) and excess liability. 

The best defense is offense — and, therefore, Chubb has invested heavily in our risk engineering capabilities to help your organization safeguard against loss. We’re able to proactively assess risks and advise our clients on how to help prevent the breadth of financial institution exposures — whether property perils or cyber hacking.

Risk engineering services help ensure business continuity, protect electronic data processing infrastructure as well as data, and mitigate accidents and injuries for customers and workers alike.

Important qualities for your insurance carrier to have are financial strength and capacity, in addition to specific, deep financial industry expertise that spans all aspects of your insurance partnership.

Chubb’s strength allows us to offer financial institutions robust primary casualty, excess umbrella, and property limits — some of the largest capacity levels available in the industry. Our financial institution expertise starts with our dedicated underwriting and extends through to our claims services. Whether your company is an asset management firm, a mortgage lender, or an insurance brokerage, we address your unique risks. Further, should you experience an incident, Chubb claims team provides efficiency, empathy, and deep experience managing all types of losses that financial institutions could face, from legal liabilities and cyber incident response to employee injuries and property losses.

Resources

Chubb understands the exposures facing financial institutions

Insights and expertise

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