{"id":7650,"date":"2024-04-09T09:32:58","date_gmt":"2024-04-09T14:32:58","guid":{"rendered":"https:\/\/www.bbrown.com\/insight\/financial-institutions-overview\/"},"modified":"2024-04-09T09:32:58","modified_gmt":"2024-04-09T14:32:58","slug":"financial-institutions-overview","status":"publish","type":"insight","link":"https:\/\/bbrown.com\/ca\/insight\/financial-institutions-overview\/","title":{"rendered":"Financial Institutions Overview"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column]\n\t<div class=\"hero hero--wrap    \">\n\n\t\t<div class=\"hero--background-image hero--background-image-blur\">\n\t\t\t<div class=\"hero--overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"hero-background\" style=\"background: url(https:\/\/bbrown.com\/wp-content\/uploads\/2024\/04\/Financial-Institutions-Overview-Brown-Brown-External_-web-image.jpg) center center no-repeat; background-size: cover;\"><\/div>\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"hero--container\">\n\t\t\t<div class=\"container\">\n\t\t\t\t<div class=\"hero--inner width-100\">\n\n\t\t\t\t\t\n  <div class='content-heading  100%  '>\n    <p class='text-white subheading'>Risk Solutions<\/p>\n    <h1 class='text-white    '>\n      Financial Institutions Overview\n    <\/h1>\n\t\n  <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;]\n  <div class='content-heading  100% content-heading--ruled '>\n    \n    <h1 class='text-brand-dark-blue    h2'>\n      Financial Institutions Overview\n    <\/h1>\n\t\n  <\/div>[vc_column_text]Large community, mid-sized and regional financial institutions are experiencing fundamental changes due to increased cyber incidents, heightened regulatory scrutiny and the growing digitization of operating models and customer offerings. Brown &amp; Brown\u2019s Financial Institutions practice helps our Financial Institutions customers develop strategic, comprehensive solutions to address their dynamic risk profiles.<\/p>\n<h3>Who We Are<\/h3>\n<p>Led by Joel Sulkes, John Kerns, Jeffrey Lattmann, Judd Zimmerman and Scott Stence, the Brown &amp; Brown Financial Institutions Practice strives to meet the unique needs of every customer. Our specialists have extensive experience and knowledge to help you confidently navigate a rapidly evolving market.<\/p>\n<h3>Why Brown &amp; Brown<\/h3>\n<p>Brown &amp; Brown\u2019s approach enables our customers to leverage empirical, risk-adjusted data, to optimize insurance program design and more holistically manage their emerging interconnected technology risks. We work with all types of financial institutions, including banks and depository institutions with balance sheets ranging from $10 billion to $750 billion. We provide tools and capabilities needed to effectively support our customers, as exemplified by the following:<\/p>\n<ul>\n<li>One of the top ten largest insurance brokerages in the world, with 16,000+ teammates in over 500 locations<\/li>\n<li>Approximately $850 million of gross written premium in 2023 across approximately 3,300 financial institution customers<\/li>\n<li>Fully aligned Executive Liability and Cyber practice led by industry veterans Jeff Lattmann and John Kerns<\/li>\n<li>Proprietary analytics platforms with a customized user interface that enables customers to understand and visualize their inherent (before controls) vs residual (after controls) risk profiles\n<ul>\n<li>Cyber in-SiteTM<\/li>\n<li>D&amp;O in-SiteTM<\/li>\n<li>EPL in-SiteTM<\/li>\n<li>Property in-SiteTM<\/li>\n<\/ul>\n<\/li>\n<li>Renowned captive practice\n<ul>\n<li>Third largest captive manager globally<\/li>\n<li>160 captives under management with 50 dedicated captive professionals<\/li>\n<li>$21.3 billion assets and $8.3 billion gross premiums under management<\/li>\n<\/ul>\n<\/li>\n<li>Mergers &amp; Acquisitions and Transactional Risk practice that supports financial sponsors and corporates with pre-acquisition due diligence and transactional risk solutions<\/li>\n<li>Industry-leading Surety practice focused on helping to optimize our customer\u2019s balance sheets<\/li>\n<li>Full suite of lender-placed insurance solutions<\/li>\n<li>Forever Firm\/stable\/strategic\/non-PE owned<\/li>\n<\/ul>\n<h4>Claims Management &amp; Advocacy<\/h4>\n<ul>\n<li>Dedicated in-house Claims Professionals (all licensed attorneys)<\/li>\n<li>Strategic Management of challenging claims<\/li>\n<li>Experienced in regularly resolving 9 figure negotiated settlements<\/li>\n<\/ul>\n<p>[\/vc_column_text]\t<div class='wpb_content_element text-left btn-container'>\n\t\t\t\t\t<a class='btn btn-brand-green  '\n\t\t\t\thref='https:\/\/bbrown.com\/wp-content\/uploads\/2024\/04\/Financial-Institutions-Overview-Brown-Brown-External_web-1.pdf' target='_blank' data-toggle=''>\n\t\t\t\t<span class=\"btn-text-color--default\">Download PDF<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_single_image image=&#8221;1015&#8243; alignment=&#8221;center&#8221; style=&#8221;vc_box_circle_2&#8243;][vc_separator border_width=&#8221;2&#8243; el_width=&#8221;60&#8243;][vc_column_text]<\/p>\n<h6 style=\"text-align: center;\">Risk Solutions Team<\/h6>\n<p>[\/vc_column_text]\t<div class='wpb_content_element text-center btn-container'>\n\t\t\t\t\t<a class='btn btn-brand-dark-blue  '\n\t\t\t\thref='\/us\/contact\/contact-general\/' target='' data-toggle=''>\n\t\t\t\t<span class=\"btn-text-color--default\">Connect Now<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_column_text]Large community, mid-sized and regional financial institutions are experiencing fundamental changes due to increased cyber incidents, heightened regulatory scrutiny and the growing digitization of operating models and [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":7651,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"insight_category":[77],"class_list":["post-7650","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-risk-solutions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Financial Institutions Overview - Brown &amp; Brown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bbrown.com\/ca\/insight\/financial-institutions-overview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Institutions Overview\" \/>\n<meta property=\"og:description\" content=\"[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_column_text]Large community, mid-sized and regional financial institutions are experiencing fundamental changes due to increased cyber incidents, heightened regulatory scrutiny and the growing digitization of operating models and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bbrown.com\/ca\/insight\/financial-institutions-overview\/\" \/>\n<meta property=\"og:site_name\" content=\"Brown &amp; 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