Financial Lines Underwriting

As a broker, you want to ensure your Financial Lines underwriters are experts in their field and will provide you and the policyholder with the most suitable cover.

Our Financial Lines team have a wealth of experience in their own lines of business and understand how their products align with each other. We write both large complex portfolios and more simple single risks, on a lead or follow basis.

Professional Liability

As a broker, you expect high standards of service for your policyholders. In a litigious environment, any business or individual who offers professional skills or knowledge has exposure to claims from third parties.

Our PI proposition covers the legal liability arising from these professional services in the event their clients have suffered a financial loss as a result of negligence.

We also offer a risk management tool for professional companies to ensure peace of mind, whilst providing consumer protection to their clients.

Our PI products are tailored for specific professions, whether they be ‘traditional’ professions, such as architects, engineers, accountants and surveyors, or emerging professions like technology and media.

Our Professional Indemnity products can include privacy, libel and slander, breach of copyright, breach of trust, fidelity, mitigation costs and loss of documents.

Our Professional Liability Capacity

up to CAD$15m

Our Professional Indemnity Appetite

Includes:

  • Accountants
  • Architects & Engineers Design & Build
  • Insurance Brokers
  • Management Consultants
  • Miscellaneous Professional
  • Multimedia
  • Real Estate Agents
  • Lawyers
  • Professional Services
  • Surveyors
  • Technology

Management Liability Underwriting

Company directors and officers operate in an extremely difficult and complex environment, from a corporate, legal, and regulatory perspective.

With regulation tightening, particularly in areas such as employment practices, trading standards and health and safety; and the increase in corporate fraud and a growing compensation culture, the need for protection has never been greater.

Our Management Liability proposition ensures that directors, officers, managers, and business entities are insured.
We cover the costs of defending and/or settling claims for compensation made in relation to actions of omissions in the performance of the company duties, and for theft of clients’ money, securities, or property for which they are liable.

Our Management Liability Capacity

up to $15M CAD

Core Management Liability products include:

  • Commercial Directors & Officers
  • Commercial Crime
  • Public Offering of Securities Insurance
  • Pension Trustee Liability
  • Employment Practice Liability
  • Fiduciary Liability

Our appetite includes:

  • Canadian Public Companies
  • Dual Listed Canadian Companies
  • Private Company Management Liability including:
    • Directors & Officers
    • Employment Practices Liability
    • Fiduciary Liability
    • Commercial Crime

Financial Institutions Underwriting

With a strong team of underwriters, our Financial Institutions policyholders benefit from international experience in the financial and professional sectors.

We offer financial institutions, such as banks, insurers, investment managers and capital market operators, protection and risk management solutions that address the short and long-term challenges posed by the rapidly evolving and increasingly complex claims and regulatory environment faced by the industry.

Our Financial Institutions Capacity

up to $15M CAD

Core Financial Institutions products include:

  • Directors & Officers
  • Professional Indemnity/Errors & Omissions
  • Bankers Blanket Bond/Financial Crime
  • Public Offering of Securities Insurance
  • Employment Practices Liability
  • Fiduciary Liability

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Probitas Syndicate 1492 is managed at Lloyd’s by Probitas Managing Agency Limited. Probitas Managing Agency Limited is registered in England and Wales (No. 12242600) at 88 Leadenhall Street, London, EC3A 3BP and is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Firm Reference Number 931446). Probitas 1492 (Canada) Inc. is registered in all provinces and territories in Canada and is a Lloyd’s approved Service Company and Coverholder of Probitas Managing Agency Limited. We may process your personal data. For information on how your personal data is used and the rights that you have please see the Privacy Notice. If you are providing personal data to us on behalf of another individual, you must provide this Privacy Notice to them. Please find our Terms of Trade here