Insurance for Securities Dealers
Securities dealers represent medium-sized firms offering financial services. In contrast to the independent asset managers, securities dealers are supervised by the Swiss FINMA. The regulatory status of being a security dealer allows to perform most of the services typically offered by financial institutions. The exposure to investor's claims includes the selling non-approved securities for sale or the selling unsuitable securities for the investors.
Further securities dealers can become confronted with alleged churning, front running, or fraud in connection with the purchase or sale of a security. Due to their fiduciary position the legal and regulatory requirements and rules for the security dealers are substantial. Traditionally, security brokers in Switzerland engage in asset management for third parties, adding its specific liability exposures.
Without proper insurance in place, directors, officers and professionals could find the firm's equity and even their personal assets at stake should claims arise. And, given the risk of liability, they may be reluctant to accepting certain positions.
WALKER RISK SOLUTION has developed a methodology, which matches the client specific risk profile with insurance solutions available in Switzerland or in the London insurance market. This approach enables bespoke solutions that protect the client from financial loss arising from a variety of financial, operational, legal or regulatory risks.
Our clients are experts at what their industry is. We are experts at how to design insurance programs and manage the insurance markets to bring about the best results.
WALKER RISK SOLUTION LTD
Bespoke Insurance Solutions for the Financial Sector
Expertise - Client Focus - Independence