Comprehensive Crime (BBB/ECCP)

Financial institutions look to insure their valuable assets/property against direct financial loss from both theft (ranging from infidelity by employees, armed robbery through collateral fraud to complex fund transfer losses) and physical loss or damage to such property.

There are in addition many supporting policies designed to insure more specific threats and exposures or specialist policies such as stockbrokers in and out policies, safe deposit box legal liability insurance and the like.

What are we looking for?

We work in partnership with brokers in both the development of innovative solutions to risk protection for clients with good risk management and a belief in working in partnership with their insurers. The basic tenet of our underwriting is that we will focus on insuring fortuitous loss; insuring the unexpected rather than the routine attritional loss.

Unauthorised Trading

Product Description

The Bankers Blanket Bond & Stockbrokers Blanket Bond under their Employee Dishonesty Insuring Clause limits employee theft to loans and trading scenarios where committed for an improper personnel gain or financial benefit.  Losses that involve hidden / concealed trades where the intent was not to steal but to reduce a trading loss are not covered by a conventional bankers blanket bond. The Unauthorised Trading product was designed to cover such events.

What are we looking for?

We will consider both stand alone and combined Unauthorised Trading policies on the same basis as our Comprehensive Crime and Professional Indemnity book.

Key Contact

Martin Fletcher

Martin Fletcher
Underwriter

Tel: 020 7105 4620
E-mail: martin.fletcher@uk.qbe.com

Comprehensive Crime
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