The Directors and Executive Management of Paul Napier Ltd are delighted to announce the arrival of a new and exclusive range of Professional and Financial Lines insurance products for the UK and international offshore financial services industry including the Trust, Family Trust, Fiduciary and Corporate Service Provider sectors.
The product suite, being marketed under the new OffSure Professional brand offers bespoke coverage for various offshore asset classes, affording coverage both in excess of regulatory mandated Professional Indemnity requirements as well as a range of complimentary first and third party covers that sets a new benchmark for this sector of the financial services industry.
In addition to affording Professional Indemnity, Crime and Directors' & Officers' Liability coverage, new and exclusive protection is provided for reputational risks (for example associated with actual, or threats of, a clients confidential information being published on social media sites), and personal liabilities for non-payment of corporate taxes. OffSure Professional is designed on a user friendly, non-prescriptive "all risks" basis.
The security backing this offering is provided by Insurers that have a minimum S&P rating of A+ (strong).
Edward Cross, Divisional Director of Paul Napier Ltd commented that "this is the first time that such a competitively priced comprehensive product has hit the offshore financial services sector. Our aim is to provide the customer with a bespoke ‘one stop shop' for their personal asset and balance sheet protection requirements, with the assurance of a professional and efficient service at all times."
Whilst PNL will be undertaking appropriate marketing campaigns in each of the jurisdictions in which it operates, the product suite is also available on a "white label" basis for access by other brokers, in order that existing client/broker relationships may be preserved.
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