American Indemnity has a strong commitment to the financial institutions industry, which has lead to the development of a Global Practice Group that brings together all our specialist resources and relevant expertise into one coordinated team dedicated to serving clients in this specific sector. Our financial institutions group delivers the global strength of the entire American Indemnity organization with local knowledge through our offices worldwide.
Collaborating with our clients, we evaluate a financial institution's complexity, industry profile, geographic scope, and other characteristics. From there, we identify their complete risk management needs and then create comprehensive, customized solutions that draw from American Indemnity 's full range of products and services based upon a variety of risk categories.
Once the company has been evaluated, a number of factors effect the purchase and arrangement of insurance programs, such as:
- Regulatory pressures
- Diversity of business activities
- Geographical spread
- "Appetite" for risk
- Loss history
- Strength of balance sheet
- Size of institution
- Peer group limits
A balance of these factors determines the level of risk financing or transfer, and we have evolved our own methodology to best assess these issues and develop creative ways to approach them. Our philosophy centers around the use of risk management techniques as an economic tool that is incentive-based across all business lines and aligned with your overall risk management goals. Our solutions are segmented into the following categories:
The Financial Institution itself
. Property / business interruption
. General liability
. Motor fleet
. Workers compensation
. Professional risks, etc.
The Financial Institution's employees
. Directors' and officers' liability
. Kidnap and ransom
. Workplace marketing
. Employee benefits
. Healthcare and pensions, etc.
The Financial Institution's business customers
. Breakdown and extended warranty
. Mergers and acquisitions
. Trade credit
. Political risk
. Transaction liability (e.g., tax opinion liability, warranties and indemnities and loss mitigation, etc.)
. Customized defined contribution plan enrollment and education communications
The Financial Institution's consumer customers
. Bonus telemarketing
. Creditor insurance
. GAP insurance
. Warranty insurance (e.g., motor, brown and white goods)
. Training and direct marketing, etc.
We have strong affiliations with key financial institutions industry groups and investment houses.
If you would like to learn more about how American Indemnity can help your financial institution, or would like to receive additional information, please don't hesitate to contact us at any time.