Helping you identify and mitigate risks in the complex financial world
Over the past decade, the financial industry has changed dramatically with increased regulation, rising litigation and intense public scrutiny. Now it’s even more important to have an experienced team guiding your company—including your officers and directors—through the risks associated with the modern financial industry.
McGriff has a dedicated financial institution group of senior brokers supported by experienced account executives and a dedicated claim advisor staff. This group is responsible for more than $500 million in successful claim resolution payments, just one of the hallmarks in a long record of success on behalf of our clients.
Who we serve
- Banks of all sizes (community, regional, national)
- Credit unions
- FinTech companies
- Asset management/investment advisor firms
- Investment funds
- Private equity/venture capital firms
- And more
Customized insurance programs for financial institutions
As a complement to our experienced financial institution group, McGriff offers a proprietary product tailored to each of the financial institution industry segments. It allows clients to take advantage of the following coverage lines:
- Directors and Officers Liability
- All-Risk Professional Liability/Errors & Omissions Liability
- Employment Practices Liability
- Fiduciary Liability
- Cyber Liability
- Financial Institution Bond
- Excess of Securities Investor Protection Act (SIPC)
Customize your program with specifically modified policy language or have the McGriff financial institutions team build it for you. You can pick and choose from the coverage menu and decide to share the limit, or designate a separate limit for each coverage type.
In addition to the Executive Risk suite of products, McGriff also offers property and casualty insurance for financial institutions, including forced placed programs and master trust programs.
Business insights & resources
McGriff Market Update: Fall 2023 (White Paper)
Client Advisory: A Tale of Two Cyberattacks: MGM and Caesars (Article)
Client Advisory: Cyber Insurance Considerations for New SEC Cybersecurity Rules for Public Companies (Article)
Insurance products and services offered through McGriff Insurance Services, LLC, a subsidiary of Truist Insurance Holdings, LLC, are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.
McGriff Insurance Services, LLC. CA License #0C64544