Crime

The very nature of financial institutions makes them a target for crime originating from both within and outside the organization.

What we offer

Even the most prepared companies can be vulnerable. In response to these threats we have created a comprehensive crime insurance package, including:

  • 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
  • Corporate identity fraud costs
  • Liability for incomplete transactions
  • Stop payment order liability
  • Physical loss of or damage to canceled checks, canceled drafts or canceled credit card receipts
  • Theft via erroneous transfer
  • Loss of subscription rights
  • 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.

Limits

Up to US$25m
 

Who we can help

A broad range of financial institutions can benefit from Beazley’s specialized crime cover, including:

  • Banks
  • Real Estate Investment Trust - REITs
  • Asset managers
  • Trust administrators
  • Insurance and reinsurance companies

Challenging classes

  • Regulated marketplace lenders
  • Payment processors

Non-target classes

  • Financial advisors
  • MGA & brokerages
  • Fund administrators
  • Cryptocurrency, cannabis, psychedelics, SPACs
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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 the 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.

Your Beazley Team

 

Defne Tuncer

Defne Tuncer
Underwriters

Defne Tuncer

Underwriter - Financial Lines, International

Toronto, Canada

+1 416-777-6847 Email Defne Tuncer View profile

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