300m USD per risk.
We can write more than one operational risk per firm.
Customized insurance cover for key Operational Risks in Financial Institutions
- Large capacity for mitigating “catastrophe” risks
- Clarity of coverage aligned with clients’ risks and scenarios
- Enhanced certainty and speed of performance
- Accelerated design and implementation
Financial Institutions needing operational risk insurance, including:
- Broker Dealers
- Asset Managers
- Insurers and Reinsurers
- Credit Unions
- Building Societies
Typical Information Required
We review each operational risk on a case by case basis. We would want to see major operational risks and controls.
Benefits & Services
- Tailored operational risk insurance solutions designed by a market-leading Financial Institutions team.
- Financial strength and strong ratings backed by top quality reinsurance.
- Expert claims handling.
- Sophisticated approach enables firms to strengthen balance sheets, improve liquidity and enhance returns.
Information and Research
The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.