Hard to place Quasi FI risks? Stateside's WS Program might be exactly what you are looking for.
Stateside Underwriting Agency has been writing traditional financial lending institutions since its beginnings in 1995. As the financial institution landscape has changed and evolved over the past decade, our insurance products for this class has also evolved. No longer are banks the only entities providing loans for home buyers, individual consumers, businesses, investors, students, auto dealers, etc. These type of lenders we like to call quasi lenders or the “weird stuff”. Typical insurance markets will not quote these non-traditional financial institutions, but we at Stateside have the knowledge and understanding of this class and their nuances. We have many years of experience behind us and can offer very competitive pricing especially when packaging several coverages together.
Our products for this class consist of Errors and Omissions, Directors and Officers, Employment Practices Liability, Fiduciary Liability and Cyber Liability. Also, if the financial institution is also involved in several professional services, based on their nature of business, we typically can cover most, if not all of their services under one policy. Each year we see new professional services that we add to our list of eligible classes for this ever expanding industry. Stateside has quickly become one of the premier markets for quasi financial institutions. We have large in-house capacity along with extensive excess capacity.
So if you are struggling to find a home for both your traditional financial institutions and non-traditional financials institutions, we would be pleased to consider your submission and do our best to provide terms for you. Join our other dedicated brokers who view Stateside as their “go to market” for this class.
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