Financial Institutions & Professional Services

Global Risk Solutions Products

Overview

With a collaborative approach and superior client service, Sompo Global Risk Solutions' Financial Institutions P&C insurance and Professional Services P&C insurance teams have the expertise to deliver sophisticated and customized solutions. We truly understand the complex exposures of this market and our teams work closely with each client to address their unique risk needs. 

Focused on U.S. domiciled risks and working exclusively through retail brokers we seek business partners, who like ourselves value committed, long term relationships.

Target Classes

We focus on the following Financial Institutions Property & Casualty and Professional Services Property & Casualty classes:

  • Fund Advisors
  • Life Insurance Companies
  • P&C Insurance Companies
  • HMO/PPO
  • Hedge Funds
  • Private Equity Firms
  • Money Center Banks
  • Community Banks
  • Investment Banks
  • Consulting Firms
  • Law Firms
  • Accounting Firms
  • Engineering Firms
  • Architectural Firms

Coverage Features

  • Focus on middle market and large commercial accounts with minimum annual P&C premium of $250K or greater
  • Guaranteed cost and all alternative risk transfer mechanisms (deductibles, SIR , retro rating plans and captive programs)

Significant Capacity

We take a unique approach, offering comprehensive coverage across all lines of business to the Financial Institutions & Professional Services industries. We offer significant capacity for the following product lines:

  • Property - up to $300M AOP / $25M CAT
  • General Liability - $1M limit, can increase based on risk (admitted only)
  • Package - same as Property and GL
  • Auto - $1M limit, can increase based on risk  
  • Workers’ Compensation - statutory limits 
  • Umbrella / Excess Casualty - $25M
  • Environmental - $25M
  • Builders’ Risk - same as Property
  • Surety - depending on bonding needs
  • Weather Protection - $50M limit, can increase based upon risk

Value Added Service

Sompo Global Risk Solutions’ approach is to forge a long-term holistic trading partnership with each account, not based on individual products, rather by offering all lines of business through a multi-disciplinary team with a focus on one industry vertical.

We are committed to providing our clients with:

  • Empowered financial institutions and professional services underwriters who have authority at the point of sale
  • Loss control resources specializing in risk management programs tailored to the needs of this client segment
  • Dedicated in-house claims staff with strategic partnerships with outside counsel specializing in financial institutions and professional services claims
  • An operations team with deep expertise that truly understands and can quickly respond to policy requests