What we offer

The protection of client funds remains high on the agenda following recent insolvencies of regulated firms holding client money in the UK. Nowadays, investors need greater reassurance that their investments will be protected should an authorised investment firm go out of business.

Currently the Financial Services Compensation Scheme (FSCS) provides last resort protection for clients of UK authorised financial services firms in the event such a firm does not have the capital to pay the claims made against it. The FSCS guarantee up to £50,000 per customer. However, some customers need protection that go above that threshold.

To address these concerns, Protean Risk currently offer Excess of FSCS insurance, which allows UK authorised investment firms to provide additional protection above the £50,000 threshold provided by the FSCS. This has been very effective in protecting retail clients who are eligible claimants under the FSCS.

Client Funds Protection Insurance is now available to deal with these concerns and is proving popular with entities holding client funds seeking to gain a competitive advantage. A policy can provide protection on a per client basis, aggregated over the policy period and is underwritten by London-market insurers that enjoy 'A' financial strength ratings from Standard & Poors and other agencies. 

Key related services

Key contacts

Tristan Sargeaunt
Director, Fintech and Payment Services

020 3763 5352

Charlie Cooper, Cert CII
Account Manager

020 3763 5356

Why you should try us

  • Protection on a per client basis
  • Gives you a competitive advantage
  • Effective marketing tool
  • Encourages your client to allow you to hold larger sums in custody
  • Potential to attract mid - high net worth investors

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What our clients say

We engaged Protean to provide the full range of insurance for Crowdcube. As a rapidly growing business, we needed a specialist broker that can provide the depth of expertise, whilst retaining a personal service and having been personally introduced to Protean, we are delighted that they have met all of our expectations and we would happily recommend them.

Finding the right insurance when you operate in a very niche market is difficult. Protean owned the whole process – making it easy and finding us a product that was far better than we anticipated. Their help and guidance was second to none

Having used Protean to arrange insurance covers for our European and US operations, we have found the Protean team to be very helpful and professional. We are very happy that we can rely on their knowledge and expertise in the insurance market and I am sure they will be a partner we can trust to support our global growth.

We refer all of our PII enquiries to Protean because they have been able to find insurers for our clients when other brokers could not

Find out why clients choose us

Latest thinking

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