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In an era of rapid technological advancement and growing IT threats, globalisation and increasing scrutiny by regulators, Financial Institutions (FI) insurance has never been more important.
Our FI team of expert lawyers advise and represent insurers, reinsurers and financial institutions across all areas, including cyber, crime, D&O, professional indemnity, pension trustee, employment practices and general civil liability.
We advise on matters involving allegations of negligence, misrepresentation, misstatement, wrongful acts, breach of warranty, breach of trust, dishonest assistance, fraud and theft. The claims include HSE and environmental prosecutions of directors; employee theft; director and trustee disqualification proceedings; cyber-attacks involving ransomware, malware and hacking; data breaches and loss; and allegations relating to a drop in the value of pension funds.
Many claims are multi-jurisdictional and threaten damage to the financial institution’s reputation. We work with clients on rapid responses to claims to reduce loss and protect brands and commercial interests.
We advise clients on coverage issues, including aggregation, policy overlap, exclusions, dishonesty, applicable years of cover and notifications. Our work often involves multinational insureds and (re)insurance programmes placed via captive insurers with a range of (re)insurers.
Keoghs focuses on resolving claims and disputes in the most timely and cost effective way, always mindful of our clients’ commercial interests and reputation. Wherever possible, we work closely with (re)insurers, financial institutions and brokers to stop a problem turning into a crisis.
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