Financial Services
The Financial Services group has a specialized underwriting team to meet the needs of and offer creative solutions for all financial services firms.
Overview
At Arch Insurance, the Financial Services Department has a specialized underwriting team to meet the needs of and offer creative solutions for all financial services firms. Given the complexity of financial services firms today, it is imperative that they partner with a dedicated underwriting team which understands all aspects of their business. Arch Insurance offers that capability through its centralized underwriting team.
In addition to traditional risks, Arch is also able to write hard to place risks, such as distressed financial institutions and/or those that have experienced claim activity, and offer customized coverage by way of manuscript endorsements and/or policies.
Capacity
Up to $25 million in limits per risk.
Distribution
Select retail and wholesale producers. Please contact the appropriate regional contact if you are interested in becoming an appointed broker with Arch.
Corporate Contact
Micah Ponto
Senior Vice President, Head of Financial Services
Michael Landers
Senior Vice President, Financial Services
Megan Hirschey
Senior Vice President, Financial Services
Proud to be recognized as a 2022 5-Star Professional Liability and D&O carrier by Insurance Business America.
Jamie Schibuk, EVP Professional Liability and Cyber, and Hela Trerotola, SVP Growth & Middle Market, describe what differentiates Arch in the market and their plans for the future.
Our Brand Promise
Pursuing Better Together encapsulates how we do business at Arch Insurance. It is an approach that is based on collaboration, responsiveness and a genuine commitment to continually raising the bar.
It is our promise to our brokers, colleagues and other partners to:
- Listen, share insights and work together to deliver informed solutions.
- Build trusting, respectful and responsive relationships.
- Understand your goals and explore possibilities together.
Customer Profile
Asset Managers
- Investment advisers.
- Investment companies/mutual funds.
- Hedge funds.
- Private equity funds.
- Venture capital funds.
- Real estate funds.
Insurance Companies
- Financial guaranty.
- Life & Health insurers.
- Property & Casualty insurers.
- Reinsurance companies.
Banking Institutions
- Community and regional banks.
- Investment Banks/Broker-Dealers/Exchanges.
- Super regional and money center banks.
Specialty Finance Companies
- Commercial finance companies.
- Consumer finance companies.
Product Offerings
- Arch Essential Side A®.
- Bankers Professional Liability.
- Directors and Officers and Company Liability.
- Employment Practices Liability.
- Fidelity Bonds.
- Fiduciary Liability.
- General partnership liability.
- Hedge Funds D&O/E&O.
- Insurance Company Professional Liability.
- Investment Adviser/Investment Company D&O/E&O.
- Investment Bank Professional Liability (boutique investment banks offering advisory services).
- Lender Liability.
- Network Security and Privacy Violation Insurance.
- Outside directorship liability.
Tailored Product Offerings
Asset Managers
- Arch Alternative Asset Management Liability Policy®.
- Arch Alternative Asset Management Liability Policy® with Hedge Fund Plus Endorsement.
- Arch Canopy for Investment Advisers & Investment Companies®.
- Arch NetSafe® 2.0.
- Fully customizable manuscript policies are also available.
Other Financial Institutions
- Arch Bankers Professional Liability Policy.
- Arch Canopy for Investment Advisers & Investment Companies® with Investment Banking E&O Extension.
- Arch Corporate Canopy® with The Arch Canopy Plus for Banks.
- Arch Corporate Canopy® with The Arch Canopy Plus for Insurance Companies®.
- Arch Insurance Company Professional Liability Policy.
- Arch Investment Company Bond.
Underwriting Success Stories
A community bank in the Southwest received a non-renewal notice from their existing insurer due to a high level of non-performing assets and receipt of a regulatory order. As a result of our in depth underwriting process, we were able to provide the bank with comparable coverage to their expiring policy including full regulatory coverage.
A regional insurance company, which had recently been downgraded and had a securities class action lawsuit filed against it, was unable to obtain new limits from its existing insurers. Arch was able to offer a renewal quote that provided the company with an unimpaired limit.
A large hedge fund had recently decided to purchase D&O insurance for the first time and wanted a fully customized manuscript policy. Our underwriting team, in conjunction with claims and legal departments, was able to work with their outside counsel to address their specific needs and create a fully manuscript policy to their specifications.
Document Library
Financial Services Brochure
Speak with a Regional Expert
Northeast Contact
Sean O’Connor
Vice President, Financial Services
Central Contact
Jake Holcombe
Vice President, Executive Assurance
Southeast Contact
Vincent Piacentino
Vice President, Financial Services
West Contact
Joseph DeCree
Vice President, Financial Services