International Non-Marine
The International Non-Marine Division offers a wide range of insurance services to its international and multinational clients, placing property and casualty business from around the world into the London market. In addition it places a range of special risks.
The property account includes contracts from single layer covers to large complex risks, catastrophe programmes and quota share treaties placed with a substantial number of reinsurers.
The casualty account embraces all aspects of liability insurance. In today’s increasingly litigious world, Guest Krieger recognises how important it is for its clients to be fully protected against actions arising from professional services or advice provided to their clients. We have therefore built a substantial presence in the following areas:
- Professional Indemnity
- Directors & Officers
- Public & Products Liability
- General Third Party Liability
- Employers Liability
- Financial Institutions
- Contingency Business
- Internet Liability
- Group Personal Accident
Financial Institutions
Guest Krieger has been very active in providing insurance services to the international financial institution sector. Our Financial Institutions team has helped its clients not only find appropriate insurance solutions during the recent turmoil in the financial markets but has also provided its clients with the most suitable tailor made products. Our services include Crime cover, Professional Liability Insurance (Directors' & Officers' Liability and Corporate Reimbursement, Professional Indemnity and Pension Fund Liability) and Run Off cover following transactions. Our trusted Financial Institutions team is highly experienced in addressing the insurance needs of a wide range of corporate bodies from stand alone fund managers to large investments houses, insurance companies and banks.
Special Risks
Since its formation Guest Krieger has been known for its ability to find solutions to unusual or special risks. These require skills in interpreting the potential exposures together with a knowledge of the market as to which carriers might participate. Examples of the type of risk handled by this department include the following:
Political Risks - When trading, developing or investing in projects overseas, the difference between the success or failure of the venture can often be small. It is, however, possible to insure against the political financial risks involved. The economic, political and social problems that have been seen in many developed markets in the past few years have led to an increase in demand for insurance solutions of this nature. Guest Krieger is able to access the major markets, assist with up-to-date country risk assessments and provide tailor made policies for an extensive range of industries.
Product Contamination and Product Recall - Many businesses, particularly those in the food, drink, pharmaceutical and cosmetic industries, face exposure to product contamination, caused either accidentally or maliciously. These risks can range from bacterial contamination, pest infestation and packaging defects to action by pressure groups, disgruntled employees or terrorists. Often this will result in the recall of products from the public, involving additional advertising, staff and transport costs, and the cost of replacing the product on the shelves. We can arrange cover for these exposures with specialist underwriters.
Terrorism - With the development of global trading and continued political uncertainty underlying this, increasing numbers of companies require new insurance products to protect their international trading risk The considerable growth of foreign investment and trade requires tailor-made solutions to these problems. Through our experience in this area, we can help our clients assess the risks involved and identify suitable insurance carriers.
Contacts:
- Directors and Officers Alon Miller
- International, Liability and Special Ilan Krieger