The financial services industry is one of the largest components of the US economy, covering a broad array of company types and services. From a risk management perspective, this industry is characterized by a number of unique considerations that must be evaluated to properly construct the optimal insurance program. And the landscape has only become more challenging in the aftermath of the Great Recession, as a result of increased legal and regulatory burdens.
The experienced Financial Services team at Windermere is adept at navigating clients through this volatile territory by identification and management of key industry and company-specific risks. Areas of focus include asset/wealth managers, banks/credit unions, finance companies/REITs/BDCs, mortgage originators/servicers, broker/dealers, and consultants/advisors.
In addition to the standard property and casualty coverages of general/excess liability, property, and workers compensation, we offer significant expertise in the following professional and management liability coverages:
- Professional Liability (aka Errors and Omissions)
- Cyber Liability
- Financial Institution Bond/Crime
- Representations and Warranties
- Director and Officers Liability
- Employment Practices Liability
- Fiduciary Liability
- ERISA Bond
Our professional advisors are sought out to participate in panels to provide their expertise on available products, how to secure them and how the market is evolving:
How do I obtain Errors & Omissions (E&O) insurance as an RIA?
Cyber Insurance from Scott Shannon
E&O Flash Interview with Scott Shannon
Scott joined Windermere Insurance Group in 2014 and currently serves as a Commercial Insurance Advisor specializing in the placement and service of executive risk and professional liability insurance, with a specific emphasis on the financial services industry. Prior to joining Windermere, Scott was a cofounder and managing partner of an asset management firm which invested in residential mortgage-backed securities. He spent the previous 18 years at First Union/Wachovia Securities, with various business development and management responsibilities in structured and corporate finance.
Scott graduated from Washington & Lee University in 1985 with a BS in Business Administration. Scott’s community involvement includes serving on the Board/Advisory Committees for Special Olympics North Carolina, Safe Alliance, Children & Family Services and Urban Ministry.
Patrick O’Brien, RPLU, CPLP
Advisor / Financial Lines
Patrick joined Windermere in 2021 and currently serves as an Account Executive specializing in the design, placement and service of cyber, executive and professional liability insurance programs.
Prior to joining Windermere, Patrick worked in both underwriting and production for insurance brokerage firms Aon and USI where he developed creative risk transfer solutions for clients across multiple industries.
Patrick received his BBA from the University of South Carolina Darla Moore School of Business and has earned his Registered Professional Liability Underwriter (RPLU) and Cyber Professional Liability Practitioner (CPLP) designations from the Professional Liability Underwriting Society. Outside of work, Patrick enjoys golf, sports, live music and spending time with family and friends.