A directory of markets for financial-institution insurance

YOU CAN take it to the bank: Financial institutions can make great accounts for agents and brokers prepared to meet their needs. Because of the varied, often complex coverages they require, financial

To help readers do more business with banks and their brethren, we offer this directory of markets. It contains listings from insurance companies and intermediaries active in this niche. Each listing identifies the types of financial institutions in which a market is interested, as well as the coverage it provides and the states in which it does business.

Readers interested in obtaining more information about these markets can find contact information at the end of each listing. This directory also can be viewed at our Web site, www.agentandbroker. com.

Bankers Insurance Service

Insurer(s): Bankers Insurance Service.

Type of financial institution insured: Banks, credit unions, mortgage bankers.

Coverages available: Bankers professional liability, D&O liability, mortgage impairment E&O, trust department E&O, lenders liability, lenders discrimination E&O, financial institution bonds, forced-place insurance, mortgage bankers bonds.

Type and size of preferred accounts: All sizes.

Special coverage features: Fifty-three years as the MBA-endorsed provider for the mortgage bankers bond protecting against employee dishonesty, borrower fraud and mortgatees' errors and omissions.

Coverage available in: All states.

For more information: Patrick Small, Bankers Insurance Service, 200 E. Randolph St., #1700, Chicago, IL 60601. (312) 381-3762. Fax: (312) 381-6195. E-mail: patrick_small@fprsi.com.

Rusell Bond

(Northeastern readers, see ad on p. 105.)

Insurer(s): Various carriers A- rated or better.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, finance companies, investment companies, stockbrokers, investment advisors, investment companies, mutual funds.

Coverages available: Bankers professional liability, D&O liability, E-commerce insurance, mortgage impairment E&O, trust department E&O, lenders liability, lenders environmental, lenders discrimination E&O, financial institution bonds, collateral protection insurance, single interest insurance, forced-place insurance, property, CGL, EPLI, fidelity, bonds, kidnap & ransom, GAP, identity theft.

Type and size of preferred accounts: Emphasis on regional banks, community banks, mortgage bankers/brokers, general partnerships/limited partnerships, NASD brokers/dealers, investment advisors (RIA).

Special coverage features: Accessing a broad range of markets/coverages and experience to design solutions.

Coverage available in: CO, CT, DE, FL, MA, NC, NH, NJ, NY, PA, TX, WA.

For more information: Anthony Ambrose, Russell Bond & Co. Inc., 295 Main St., #866, Buffalo, NY 14203-2595. (800) 333-7226, Ext. 143. Fax: (800) 677-6779. E-mail: aambrose@russellbond.com. Web site: VAVW.russellbond.com.

Burns & Wilcox

(See ad on p. 7.)

Insurer(s): Lloyd's, Chubb.

Type of financial institution insured: Banks, credit unions, mortgage bankers.

Coverages available: D&O liability, mortgage impairment E&O, single interest insurance and forced-place insurance.

Type and size of preferred accounts: Medium-sized banks and mortgage bankers.

Coverage available in: All states except AK, HI, ME, NH, RI.

For more information: David J. Price, Burns & Wilcox Ltd., 220 Kaufman Financial Center, 30833 Northwestern Highway, Farmington Hills, MI 48334. (248) 539-6012. Fax: (248) 932-4046. E-mail: dprice@burns-wilcox.com. Web site: www.burnsandwilcox.com

CNA

(See ad on p. 21.)

Insurer(s): Continental Casualty Co., Columbia Casualty Co.

Type of financial institution insured: Banks, savings & loans, insurance companies, investment advisors, hedge funds, community banks, REITS, private equity firms.

Coverages available: Bankers professional liability, D&O liability, E-commerce insurance, trust department E&O, lenders liability, financial institution bonds, insurance company professional liability, investment advisor professional liability, mutual fund professional liability, employment practices liability, fiduciary liability.

Type and size of preferred accounts: Banks with over $1 billion in assets, insurance companies with over $10 million in surplus, and registered investments advisors with over $75 million in assets under management.

Coverage available in: All states.

For more information: Thomas Kocaj, CNA, 40 Wall St., New York, NY 10005. (212) 440-3753. Fax: (212) 440-3700. E-mail: thomas.kocaj@cna.com. Web site: www.cnapro.com

Floodwatch

Insurer(s): Floodwatch.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, finance companies.

Coverages available: Mortgage impairment E&O, forced-place insurance, flood compliance, NFIP flood, excess flood, force-placed flood and hazard.

Type and size of preferred accounts: All sizes.

Special coverage features: Global portfolio protection new hybrid form combines mortgage impairment and lender-placed insurance (hazard and flood), including GL on foreclosed properties eliminating gaps in coverage.

Coverage available in: All states.

For more information: Tom Becker, Floodwatch, a division of Financial & Professional Risk Solutions Inc., 4 W. Main St., #600, Springfield, OH 52314. (800) 833-5912. Fax: (937) 323-0787. E-mail: tom-becker@fprsi.com. Web site: www.insurmark.fprsi.com.

Insumark

Insurer(s): Insurmark.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, finance companies.

Coverages available: Mortgage impairment E&O, forced-place insurance, global portfolio protection, flood compliance.

Type and size of preferred accounts: All sizes.

Special coverage features: Global portfolio protection new hybrid form combines mortgage impairment and lender placed insurance (hazard and flood) including GL on foreclosed properties, eliminating gaps in coverage.

Coverage available in: All states.

For more information: Sharon Gulvas, Insurmark, a division of Financial & Professional Risk Solutions Inc., 4 W. Main St., # 600, Springfield, OH 52314. (800) 833-5912. Fax: (937) 323-0787. E-mail: sharon_gulvas@fprsi.com. Web site: www.insurmark.fprsi.com.

Lee & Mason

(See ad on p. 86.)

Insurer(s): American Modern Home, American National, Arch, Great American, Ohio Indemnity.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, finance companies, auto lessors.

Coverages available: Mortgage impairment E&O, collateral protection insurance, single interest insurance, forced-place insurance and gap insurance.

Type and size of preferred accounts: All.

Coverage available in: All states.

For more information: Christopher L. Muller, Lee & Mason Financial Services Inc., 18 N. Main St., West Hartford, CT 06107. (877) 562-4311, Ext. 301. Fax: (603) 697-5830. E-mail: cmuller@leeandmason.com. Web site: www.leeandmason.com.

Loan Protector Insurance Services

Insurer(s): American Modern Home, Great American.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, mortgage servicers.

Coverages available: Collateral protection insurance, single interest insurance, forced-place insurance, REO liability, flood insurance.

Type and size of preferred accounts: All.

Special coverage features: Full-service tracking and escrow management of borrrowers' flood and homeowners insurance coverage.

Coverage available in: All states.

For more information: Ron Wiser, Loan Protector Insurance Services, 6325 Cochran Rd., Solon, OH 44139. (800) 545-6580. Fax: (440) 498-9370. E-mail: marketing@loanprotector.com. Web site: www.loanprotector.com.

NIF Group

(Northeastern and Southeastern readers, see ad on p. 98)

Insurer(s): Various A-rated carriers.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, finance companies, insurance companies, investment advisors, broker-dealers, mortgage bankers, venture capitalists, mutual funds.

Coverages available: Bankers professional liability, D&O liability, e-commerce insurance, mortgage impairment E&O, trust department E&O, lenders liability, lenders environmental, lenders discrimination E&O, financial institution bonds, forcedplace insurance, debit/credit card insurance.

Type and size of preferred accounts: All types and sizes.

Coverage available in: All states except AK, HI.

For more information: Mike DeFeo (in NY), Ed McGuire (in PA), NIF Group, 30 Park Ave., Manhasset, NY 11030. (800) 664-3776 (NY), (800) 660-3467, Ext. 15 (PA). Fax: (516) 365-9566 (NY), (610) 660-0205 (PA). E-mail: mdefeo@nifgroup.com, emcguire@nifgroup.com, marketing@nifgroup.com. Web site: WVTW.nifgroup.com.

Philadelphia Insurance Cos.

Insurer(s): Philadelphia Insurance Cos., Philadelphia Indemnity Insurance Cos.

Type of financial institution insured: Banks, mortgage bankers, finance companies.

Coverages available: D&O liability for banks, D&O and E&O for mortgage bankers/brokers.

Type and size of preferred accounts: Privately held banks with less than $5 billion in assets.

Special coverage features: Defense costs outside the limit.

Coverage available in: All states but LA.

For more information: Marisa Burke, Philadelphia Insurance Cos., One BaIa Plaza, #100, Bala Cynwyd, PA 19004. (800) 873-4552. Fax: (610) 617-7940. E-mail: phylsales@phlyins.com. Web site: www.phly.com.

Progressive Group

(See ad on p. 89.)

Insurer(s): The Progressive Group of Insurance Cos.

Type of financial institution insured: Banks, savings & loans.

Coverages available: Bankers professional liability, D&O liability, E-commerce insurance, trust department E&O, lenders liability, financial institution bonds, forced-place insurance, employment practices liability, internet banking liability.

Type and size of preferred accounts: Community banks and thrifts up to $5 billion in asset size.

Special coverage features: ABA-sponsored insurance program. Unique trade association program available through independent agents, offering cutting edge coverages, stable pricing and profitsharing for insureds.

Coverage available in: All states.

For more information: Judi Kovach, The Progressive Group of Insurance Cos., 5920 Landerbrook Dr., PLG-L21, Mayfield Heights, OH 44124. (800) 274-5222, Ext. 37505. Fax: (800) 456-6590. E-mail: jkovach@progressive.com. Web site: www. banks.progressive.com.

Scarborough

Insurer(s): Scarborough.

Type of financial institution insured: Banks, savings & loans, credit unions.

Coverages available: Bankers professional liability, D&O, mortgage impairment E&O, lenders liability, lenders discrimination E&O, financial institution bonds, forced-place insurance, property and casualty, auto, workers compensation, umbrella.

Type and size of preferred accounts: Banks up to $1 billion in assets.

Special coverage features: We provide customized insurance programs tailored to financial institutions of all sizes.

Coverage available in: All states.

For more information: Chris Tietz, Scarborough, a division of Financial & Professional Risk Solutions Inc., 200 E. Randolph St., #1700, Chicago, IL 60601. (312) 381-3769. Fax: (312) 381-6215. E-mail: chris_tietz@fprsi.com. Web site: www.scarborough.fprsi.com.

Trinity Managers International Inc.

(See ad on p. 16.)

Insurer(s): ACE, AIG, Arch, CNA, Great American, Hartford, Houston Casualty, Hudson, Liberty, Lloyd's, National Casulaty, Quanta, St. Paul Travelers, XL, Zurich.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, finance companies, REITs, investment advisors, mutual funds, security brokers/dealers, hedge funds, misc. financial services, start-ups.

Coverages available: Bankers professional liability, D&O liability, E-commerce insurance, mortgage impairment E&O, trust department E&O, lenders liability, lenders environmental, financial institution bonds, EPLI, fiduciar, kidnap/ransom, Side A D&O/IDL, TPAs, trusts, limited and general partner liability.

Special coverage features: Prior-acts coverage, application severability, securities coverage, broad "affiliates/insured" definition, third-party EPLI, punitive damages, additional defense options, first- and third-party cyber liability.

Coverage available in: All states.

For more information: Kevin Lawler or Eli Morawiec, Trinity Managers International Inc. (212) 766-7000. Fax: (212) 766-7009. E-mail: klawler@trinitymgrs.com or emorawiec@trinitymgrs.com.

U.S. Risk

(See ads on pp. 28, 30, 32.)

Insurer(s): Progressive Casualty, Chubb, St. Paul Travelers, Hartford, AXIS, ARCH, XL, CNA, Quanta, National Union, Lexington, Great American, Scottsdale, Lloyd's of London, Evanston.

Type of financial institution insured: Banks, savings & loans, credit unions, mortgage bankers, finance companies, insurance companies, investment advisors, security dealers/brokers, investment bankers, trust companies, ATM companies, clearing house operations, data processors.

Coverages available: Bankers professional liability, D&O liability, E-commerce insurance, mortgage impairment E&O, trust department E&O, lenders liability, lenders environmental, lenders discrimination E&O, financial institution bonds, collateral protection insurance, single interest insurance, forced-place insurance, kidnap/ransom, ATM insurance, computer crime, safe deposit coverage, transit coverage.

Coverage available in: All states.

For more information: Mike Hogan, Lynn Fendergrass, Pam Schultz, U.S. Risk Financial Services Inc., 555 Marriott Drive, #325, Nashville, TN 37214. (800) 851-6501. Fax: (615) 872-0201. E-mail: mike@usrisk.com, lynnp@usrisk.com, pams@usrisk.com.

Venture Programs

(See ad on p. 87.)

Insurer(s): Chubb Group of Insurance Cos.

Type of financial institution insured: Banks, savings & loans, credit unions, trust companies.

Coverages available: Bankers professional liability, D&O, E-commerce insurance, mortgage impairment E&O, trust department E&O, lenders liability, lenders discrimination E&O, financial institution bonds, forced-place insurance, GL, property, WC, auto, fiduciary, EPL, safe deposit liability, workplace violence, kidnap/ransom/extortion, check kiting, excess/umbrella, mail.

Type and size of preferred accounts: Community banks, typically commercial banks with less than $2 billion in assets.

Special coverage features: All lines, limits to $25 million, duty to defend, highest satisfaction for claims resolution.

Coverage available in: All states.

For more information: Annamarie Keen, Venture Insurance Programs, 1301 Wright's Lane East, West Chester, PA 19380. (800) 282-6247, Ext. 278. Fax: (610) 692-5977. E-mail: banking@ventureprograms.com. Web site: www.ventureprograms.com.