Welcome to Broker Insurance Services Limited

Banks & Financial Institutions

Banks & Financial Institutions

The Banks & Financial Institutions Division has been a market-leading specialist in the placement and servicing of insurance and reinsurance of Banks and other financial institutions for over thirty years.

The Division has a global spread of clients and is active in assisting its clients with risk review and presentation of their insurance needs. Many policy wordings used at Lloyd’s have been written by our experienced executives for our Banks and Financial Institutions clients.
The traditional Bankers’ Blanket Bond policy is commonly divided into seven sections, as follows

Infidelity – the dishonest or fraudulent acts of any employee
Valuable property on banks’ premises
Valuable property in transit
Forgery
Forged / counterfeit securities
Counterfeit currency
Damage to offices and contents.

Within this structure we are then able to amend and extend each clause or paragraph to meet the needs of each individual client. Where appropriate we may recommend additional specialist coverage’s reflecting the assessment of the exposure to risk. These may include –

Computer crime
Kidnap, Ransom & Extortion
Plastic card
Clearing and Depository coverage
Professional indemnity
Directors and Officers
Pension Fund Protection
Safe Deposit Boxes
Cash in Transit
Fine Art Coverage
For further details on the coverage offered by the Broker Insurance Service Limited and a fuller discussion of the extensions available, please contact us to have our guide to Financial Institutions Insurance, available to view

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Divisional Director of Banks & Financial Institutions

John Symonds

Divisional Director of Banks & Financial Institutions

John Symonds has over twenty years’ experience of Banks & Financial Institutions insurance and has extensive knowledge of the Mexican and Middle Eastern markets.

Email: john.symonds@broker-insurance.co.uk