Verve Risk Services Launches Financial Institutions Division in London
What happened
Verve Risk Services has launched a new division dedicated to financial institutions in London. The division appointed Steve Redding as head of financial institutions, alongside Beth Convey and Charlotte Flook and Aaron Jones. Services offered include blanket bond, crime, professional indemnity, and directors and officers indemnity, available on a primary and excess basis.
Why it matters
The division targets industries such as banks, mortgage banks, brokers, and wealth and asset managers. All products are available packaged or as single lines, though fiduciary liability and employment practices liability are packaged only.
Who's involved
- AXIS CapitalAXIS Capital is the main subject of the case file.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AXIS CapitalSpeculative
AXIS Capital could potentially utilize the division's underwriting roles in London.
Keep exploring
The entities involved
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AXIS Capital
company
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London
capital and largest city of England and the United Kingdom