Financial Institutions

JMB Insurance and AmWins have partnered with Rockwood Programs to offer diverse portfolio of professional/management liability products designed to meet the needs of Community Banks. Coverage is offered by a carrier rated A- (“Excellent”) by A.M. Best.

Below is a summary of the coverages offered:

Product: This diverse product portfolio includes Directors & Officers, Errors & Omissions, Lenders Liability, Corporate Fiduciary, Trust Liability, and Cyber Liability. Financial Institution Crime Bonds are also available. Terms can be customized to meet individual client needs.

Insurance Company:
Fortegra Specialty Insurance
A.M. Best A- Excellent
Class VIII

Program Limits: Up to $5,000,000. Additional limits are available through the Fac Marketplace, using both domestic and London facilities.

Managerial/professional liability exposures are D&O-driven and fidelity exposures Fidelity Bond-driven (endorsements to these coverages); i.e. BPL, EPL or Lender Liability, etc. will not be written mono-line. EPL is sub-limited to $2,000,000.

Desired Classes Considered

Closely held private trust companies.
Deposit and Non-deposit style lenders, i.e., community banking institutions, mortgage bankers/brokers, auto lenders, asset based-lenders, community development funds, etc.

Claims Handling: Wilson-Elser

To learn more, please view Rockwood’s recent press release.

Contact Information:

JMB Insurance
900 North Michigan Avenue, 15th Floor
Chicago, IL 60611
(312) 915-2200

Reach out to our Rockwood partners to learn more. Glenn W. Clark, CPCU, President. He can contacted via e-mail at glenn.clark@rockwoodinsurance.com or by phone at 302-765-6001.