Willis Towers Watson
Overview
Financial Institutions
Financial Institutions (FI) insurance covers a wide range of specialist areas in the financial services industry. Growing investor expectations have placed greater demands on financial institutions, meaning stricter governance and regulations. New legislation from the U.K., the E.U. and other countries, globalisation, a move towards a single financial services market in the E.U. and a swifter pace in technological advancements
have all meant that financial institutions operate in an increasingly challenging environment.
Our Financial Institutions (FI) Practice is dedicated to providing a full range of insurance and risk management services specific to the financial sector. We fully understand our clients' culture and philosophy with regard to management of risk, and to work with them to identify and analyse risk, taking into account:

– Corporate governance and compliance
– The extent, complexity and diversity of the financial products
   or services provided
– Exposure to global jurisdictions and regulatory regimes
– Operational risk in conjunction with the internal and external
   control environment

Richard is a Senior Vice President and Willis' Financial Services Practice Leader, based in New York. During his 25-year banking career, he has managed sales, trading and team structuring for some of the biggest financial institutions.

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