WGA's Financial Risks practice was formed to respond to the risk management and insurance brokerage needs of all types of financial services companies. With over 20 years of experience in dealing with the insurance needs of banks, insurance companies, finance/leasing companies and money/asset managers, this WGA practice responds to the highly specialized needs of these financial services clients. By giving a broad overview of the risks faced by this specific financial services segment, our team responds with recommendations and solutions to risk management issues. Our solutions are based on time-tested approaches and demonstrate creativity, with a sharp focus on cost and efficacy.

Often our approach will lead to the design or revision of a tailored insurance program featuring a risk transfer mechanism, or even a self-insurance option. Finite and integrated risk solutions are a common solution for major clients, particularly in the current insurance market conditions.

Financial services companies require a special expertise in insurance products focused on financial risks including:

• Directors' & Officers' Liability
• Errors and Omissions Insurance
• Fidelity Bond and Crime Insurance
• Investors Coverage Against Hedge Fund Fraud
• Electronic and Internet Risks
• Intellectual Property
• Residual Value Guaranty
• Lenders Coverages: Single/Dual Interest, GAP, Contingent Risks
• Special Surety Risks
• Credit Insurance
• Kidnap and Ransom

WGA's Financial Risks Practice Leader, Roger Haynes, has over 20 years experience with the specialty claims and policy form issues that arise with all types of financial institutions. He collaborated with Gary M. Slep to author a book on Bank Insurance and Risk Management published by Standard Publishing Corp.