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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.
Download our FL 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:
Houston Casualty Company - London Branch Download our S&P rating
(HCL)>
- Direct insurance domiciled in the UK
- Facultative
reinsurance
Houston Casualty Company Europe
Download our S&P rating
(HCC Europe)>
- Direct insurance domiciled in the European Union
- Various other
countries where licensed to write insurance
For all insurance and
reinsurance business domiciled in the US, we underwrite on
behalf of:
Houston Casualty Company Download our S&P rating
(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 (USSIC)
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USSIC specializes in aviation,
occupational accident and alternative workers compensation.
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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
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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:
Houston Casualty Company Europe, Seguros y Reaseguros S.A. Insurance Entity
Register on 29-7-78 no. C-558 C.I.F. A-28512085. Commercial Registry of
Madrid, Book 477813956, Sec. 3, Chapter 205, Sheet 38008 on 4-5-78. Capital
subscribed and issued: 12,933,749.50 €. Subject to supervision and control
of Economic Ministry of Spain, Dirección General de Seguros y Fondos de
Pensiones (Paseo de la Castellana, 44 – 28046 Madrid) Sole Shareholder
Company. 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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