Protecting Financial Services firms is in our nature

We provide tailored insurance solutions for a broad spectrum of firms in the financial services sector including, but not limited to:

  • Banking
  • Corporate Finance
  • Investment Management
  • Asset Management
  • Wealth Management
  • Hedge Funds
  • Foreign Exchange Brokers
  • Stock Brokers

We have spent over a decade servicing financial services clients and we take pride in successfully delivering cost effective and bespoke insurance solutions to those firms who have chosen us because of our extensive choice of insurers and our specialist sector knowledge, which is underpinned by a recent client survey where 90% of respondents rated our service as ‘very good’ or ‘excellent’ and 95% agreed that we are experts in their business sector.

Providing accurate insurance solutions for a constantly evolving industry

Regulated financial services face growing challenges as they navigate through expanding regulatory requirements, political and economic uncertainty, stringent capital and lending criteria, volatile markets, increased transparency and pressure to deliver best-in-class client service.

This constantly evolving industry presents opportunities to innovate, but also create many risks, including:

  • Regulatory, corporate governance, disclosure or compliance breaches
  • Operational risks caused from human error, infrastructure system failures, cyber-attacks, or data breaches
  • Fraudulent activities caused from employee infidelity or third party crimes
  • Alleged breaches of duty from directors, officers, or senior personnel
  • Litigation from unsatisfied shareholders or investors

All of which can lead to unforeseen business interruption, indemnity claims or legal defence costs and subsequently reputational damage. Even if the claims are false, they can still take up valuable time, energy, and money. Our aim is to help you mitigate that pressure.

We are aware of the risks your business might face and using our experience, we will proactively work closely with you and take the extra time to understand your needs. We can then formulate tailored insurance policies designed to protect your firm and your employees, as well as help you manage the costs that arise from claims, litigation, or regulatory proceedings.

Key contacts

Tom Spraggs, Dip CII
Account Director, Financial Institutions Team Leader

020 3763 5345

Richard Austwick BA Dip CII
Account Director - Financial Institutions Team Leader

020 3763 5363

Key related services

 Why choose Protean Risk?

get a quote  

What our clients say

We have used Protean as broker for our PI insurance since we set up our business. They have always been responsive and are both experienced and knowledgeable about the requirements of Financial Services firms and the risks we face

When starting a new business from scratch you meet a lot of new people and can be pleasantly surprised. This has been the case with Protean Risk, who I had not dealt with previously, but were introduced to whilst gaining FCA approval for our investment management firm. They have proved to be efficient and effective in obtaining competitive PI terms for us from the start and during our subsequent rapid growth.

Protean were both knowledgeable and helpful in helping us obtain our PI and D&O Insurance. Nathan had an implicit understand of the market and what we required from our insurance, and was successful in quickly obtaining cover that was both more comprehensive and significantly more cost effective than we had had previously. Very happy with the whole process.

After speaking to a number of potential providers, we chose Protean to arrange our PI cover because we were impressed by their understanding of the unique characteristics of the specific niche market that we operate in and their ability to source bespoke cover at a competitive cost. I have no hesitation in recommending their services.

Find out why clients choose us

Latest thinking

European Crowdfunding Service Providers Regulations
10 JUL
News / by Richard Austwick, Dip CII
European Crowdfunding Service Providers Regulations

An insurance solution that has been approved by local regulators. Read more...

ESG as a professional risk
05 APR
News / by Edward Pring
ESG as a professional risk

Financial Institutions can overlook their exposure to ESG risks. Read more...

See more