Newline is a recognized leader in the Financial Institutions / Crime market. Our highly experienced underwriting teams work closely with clients, tailoring policies to their individual needs. We have the knowledge and experience to meet the challenging demands of insureds, both large and small, offering solid security and tailored coverage. Backed by our strong financial ratings, unmatched underwriting and claims expertise, our policies will typically offer some or all of the following protection:
Financial Institutions Crime
Protects private or publicly-traded financial institutions for loss of assets (including cash, bullion, securities documents or similar valuable assets) from either employee fraud or losses caused by third parties occurring through robbery, forgery, counterfeiting, transfer fraud, computer fraud or social engineering fraud.
Commercial Crime / Fidelity
Protects privately-held or publicly-traded non-financial institutions for loss of assets from employee fraud (including cash, bullion, securities documents or similar valuable assets) or losses caused by third parties through the loss of money, securities, etc., from risks such as theft, embezzlement, forgery, robbery, counterfeit currency, employee dishonesty, safe burglary, computer fraud, wire transfer or social engineering fraud.
Financial Institution Directors & Officers
Protects directors and officers of public, private and not-for-profit financial institutions against loss arising out of their status or conduct as directors or officers. As businesses become more regulated through increased levels of corporate governance, Health and Safety, etc., the scope for suing individual directors and officers increases. The consequences of this can be severe with heavy fines and imprisonment.
Financial Institution Professional Indemnity
Protects businesses and professionals from the financial consequences of their legal liabilities to third parties arising from breach of their professional duty. Most financial institutions purchase this type of cover in order to protect them from litigation from clients or other third parties alleging breaches of professional duties.
Up to AUD$25 million
Primary Layer; Excess Layer; Co-insurance
Worldwide (typically excluding North America)