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Crime

The very nature of financial institutions makes them a target for crime originating from both within and outside the organisation. In response to these threats we have created a comprehensive crime insurance package. 

What we offer

Our crime insurance package includes:

  • Dishonest acts of employees 
  • Documentary fraud 
  • Electronic or telephonic fraud 
  • Physical loss or damage to property or premises 
  • Extortion 
  • Data breach costs, software removal or reconstitution costs, legal and audit costs 
  • Automatic coverage for newly acquired subsidiaries with no size threshold 
  • Corporate identity fraud costs 
  • Liability for incomplete transactions 
  • Stop payment order liability 
  • Physical loss of or damage to cancelled cheques, cancelled drafts or cancelled credit card receipts 
  • Theft via erroneous transfer 
  • Loss of subscription rights 
  • Social engineering cover included as standard 
  • Liability for interest that would have accrued to a customer of the insured but did not as a direct result of a loss covered under this policy 
  • Automatic reinstatement of limit. 

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in thea world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

A financial institution insured discovered an instance of fraudulent payments of several million GBP, by an employee, for his own benefit. Beazley’s claims team worked with the insured to investigate the fraud and confirmed the availability of coverage under the Financial Institution Crime insurance policy. 

Your Beazley Team

Neale Stevenson

Neale Stevenson

Focus Group Leader Financial Institutions

London, UK

20-7667-0533

Email Neale

Darren Keane

Darren Keane

Product Leader - Financial Institutions

London, UK

020 7667 0557

Email Darren

Harry Philpott

Harry Philpott

Underwriter - Financial Institutions

London, UK

+44-20-7667-0585

Email Harry

Lucy Hughes

Lucy Hughes

Underwriter - Financial Institutions

London, UK

020 7667 0673

Email Lucy

Smitha Manoj

Smitha Manoj

Underwriter - Financial Institutions

London, UK

+44 (0)207 674 7282

Email Smitha

Adam Parr

Adam Parr

Underwriter - Financial Institutions

London, UK

+44 (0)20 7667 0567

Email Adam

Ed Stone

Ed Stone

Underwriter - Financial Institutions

London, UK

020 7674 7703

Email Ed

Rory McEwan

Rory McEwan

Underwriter - Financial Institutions

London, UK

020 7674 8108

Email Rory

Adam Warner

Adam Warner

Underwriter - Financial Institutions

London, UK

+44 (0)20 7667 0691

Email Adam

Tracy Holm

Tracy Holm

Claims Team Leader - International Specialties

London, UK

+44 (0)207 674 7294

Email Tracy

Kamal Chhibber

Kamal Chhibber

Claims Focus Group Leader - International Financial Lines

London, UK

+44-20-7674-7753

Email Kamal