Financial Institutions

The global financial crisis, economic uncertainty, financial scandals, and calls for changes in financial regulation have fundamentally changed what it means to manage a financial institution.

The global push for governance reform is leading to new regulations focused on improving disclosure, enhancing shareholder protection and increasing transparency.

Asset managers have seen huge outflows in funds under management and negative portfolio performances. Banks and mortgage lenders are experiencing claims because of their lending activities as well as alleged negligence or lack of disclosure about investment securities or securitisation activities. The Madoff and Stanford scandals led to huge losses and claims of lack of oversight controls by both banks and investment managers.

It’s clear that the financial services sector faces all of the same challenges as other businesses within the current economic climate, and more. The traditional management pressure to find operational efficiencies in a downturn are added to by an increasingly regulation-minded (and largely unsympathetic) environment.

Chartis can provide insurance transfer and retention solutions for the needs of the company, its assets, people and its management alike.