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Trustees and fiduciaries are far
more accountable for their actions when managing employee benefit
plans than ever before. A breach of responsibilities can result in a
loss to their personal assets as well as those of the corporations
they represent.
The scale of potential claims has risen dramatically over the years,
stemming from allegations such as:
- Breach of
fiduciary responsibilities imposed by local statutes
- Improper
advice or disclosure
- Negligence
in the administration of a plan
- Potential
discrimination in the management/administration of a plan
Fiduciary Liability Insurance
that cover:
- Fiduciaries
- Employee
benefit plans
- Pension
trustees
- Corporate
trustee companies and their subsidiaries
- Sponsor/employer companies
- Personnel
involved in the administration of pension plans
Comprehensive Fiduciary Liability
insurance programs that protect the above entities from claims made
against them.
Click here to view our Fiduciary Liability product sheet
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- Financial
capacity of up to US $25 million (€25 million or £15 million) per
Fiduciary Liability policy.
- Primary or
excess
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For all international
insurance and reinsurance business (excluding USA), we
underwrite on behalf of:
HCC International Insurance Company PLC>
- Direct insurance and Facultative reinsurance
HCC Underwriting Agency (Lloyd's syndicate 4141)>
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Direct insurance and Facultative reinsurance domiciled in certain other non-US
jurisdictions
For all insurance and
reinsurance business domiciled in the US and Latin
America, we underwrite on
behalf of:
Houston Casualty Company
(HC)>
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HC is a Texas domiciled property and
casualty insurance company operating worldwide and on a surplus lines
basis in the U.S. HC specializes in accident and health, aviation,
property, marine and energy.
U.S. Specialty Insurance Company>
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USSIC specializes in aviation,
occupational accident and alternative workers compensation.
Given that we do business on behalf of different insurers within the HCC Group,
when we offer insurance products to the policyholder we will ensure that we tell
you which insurer within the Group will underwrite the policy.
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To consult a Fiduciary Liability
specialist for your region, click on the corresponding link below:
Asia Pacific Europe
Middle East and Africa USA
and Canada Latin
America |
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HCC Global Financial Products S.L. is an insurance agent acting on behalf
of the following insurance entities in those countries where permitted:
HCC Underwriting Agency Ltd (Lloyd's Syndicate 4141) - We have authority to enter
into contracts of insurance on behalf of the Lloyd's underwriting members of Lloyd's
Syndicate 4141 which is managed by HCC Underwriting Agency Ltd. HCC Underwriting Agency Ltd
is authorised and regulated by the Financial Services Authority and is registered in England and Wales No. 04632146.
Registered office: Walsingham House, 35 Seething Lane, London, EC3N 4AH.
HCC International Insurance Company PLC, authorised and regulated by the Financial
Services Authority, No. 202655. Registered in England and in Wales, No. 01575839,
with registered office at Walsingham House, 35 Seething Lane, LONDON EC3N 4AH.
Ultimate Holding Company: HCC Insurance Inc. Houston, Texas U.S.A.
Houston Casualty Company: State of Texas Insurance Entity Register n. 7407,
on 26-5-83. Capital subscribed and issued US$5,000,000. Subject to the
supervision and control of the Texas Department of Insurance (Mail Code
305-2C, 333 Guadalupe P.O. Box 149104, Austin, Texas 78714-9104, USA).
Branch in United Kingdom, subject to the supervision and control of the
Financial Services Authority (25, The North Colonnade, Canary Wharf, London
E14 5HS), authorized on 1-12-2001 and registered with n. 203250. HCC Global
is registered with n. 416680 at the Financial Services Authority. |
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