Financial Institutions

The finance and insurance industry is the largest single industry sector in Australia. It is no surprise that policies covering financial market participants represents a large portion of most insurers’ portfolios. However financial institutions risks carry particular requirements, necessitating a specialist approach.

Our market-leading expertise in the financial institutions sector assists our insurer clients to manage claims, develop products and, most importantly, remain profitable, when writing risk in this key area.

Australia’s key insurers have benefited from our specialist industry experience including our:

  • Detailed knowledge of the finance industry, including thorough knowledge of even the most complex financial products
  • Detailed knowledge of the insurance market underwriting financial institutions
  • Experience in specialised jurisdictions dealing with financial institutions claims (most particularly FOS – the Financial Ombudsman Service)
  • In-depth and up-to-date knowledge of the legislative and regulatory regime affecting financial institutions
  • Experience in acting in all Australian jurisdictions, including in defending shareholder class actions.

Financial institutions claims also often generate complex coverage and policy interpretation aspects. Our experts have assisted primary and excess-layer insurers negotiate a potential minefield of issues on financial claims including our:

  • Advice on the impact of limited exclusions on multi-faceted claims
  • Management of claims likely to exceed the limit of cover under the policy (including where multiple insureds have conflicting needs under the policy)
  • Management of ‘bulk notifications’ with a view to responding to future claims
  • Advice on advance of defence costs in claims alleging fraud or dishonesty
  • Experience in dealing with insolvent insureds.

Case Study

Westpoint fallout: claims against authorised representative successfully managed

On instructions from his insurer, we acted for an authorised representative in defending claims brought by former clients who had invested…

Find out more

Meet our Team

Partner Sydney

Peter Tredinnick
Tel: +61 2 9234 4652
ptredinnick@moray.com.au

Find out more
Peter Tredinnick is a highly experienced and widely respected individual in the market, with expertise in the areas of professional indemnity, financial institutions, D&O liability, public offering securities insurance and management liability. One client remarks: "Peter is our go-to man on any complex professional indemnity and D&O issue, and we consider him the leading practitioner in Australia on these specialities." Another notes: "He's been in the business for years and he's very well known and very intelligent."

Chambers Asia Pacific, 2018


For more information on Moray & Agnew's Financial Institutions experience please get in touch...

Get in touch