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    Crime for financial institutions

    Financial institutions in Specialty lines

    Crime for financial institutions

    Nicholas Tey

    Nicholas Tey

    Regional Manager - Asia

    Comprehensive crime insurance.

    The very nature of financial institutions makes them a target for crime originating from both within and outside the organisation. Even the most prepared 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
    • 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

    We are also able to provide crime coverage to non-financial organisations.

    Limits

    Up to US$25,000,000

    Target market

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

    • Banks
    • Investment managers
    • Insurance and reinsurance companies
    • Stockbrokers
    • Stock exchanges
    • Clearing houses
    • Regulated marketplace lenders.

    Territories

    Worldwide (excluding United States domiciled organisations).

    Crime for financial institutions team

    Underwriters

    Clara Han

    Underwriter

    Clara Han

    Singapore

    Gordon Lam

    Underwriting Manager

    Gordon Lam

    Singapore

    +65 6576 6287

    Teck Siong Ng

    Underwriter

    Teck Siong Ng

    Singapore

    Nicholas Tey

    Regional Manager - Asia

    Nicholas Tey

    Singapore

    Audrey Wong

    Underwriting Assistant

    Audrey Wong

    Singapore

    Crime for financial institutions forms

    Fact sheets

    Beazley financial lines factsheet - Asia

    Wordings / policies

    Crime for financial institutions policy wording - Hong Kong
    Crime and professional indemnity for financial institutions policy wording - Hong Kong
    Investment managers and crime wording - Hong Kong
    Private equity and crime policy wording - Hong Kong
    Private equity and crime policy wording - Singapore
    Investment managers and crime wording - Singapore
    Crime and professional indemnity for financial institutions policy wording - Singapore
    Crime for financial institutions policy wording - Singapore