Financial Institutions

    Old Republic Professional understands Financial Institutions' need to protect the bottom line and to provide trustworthy expertise to their clients.

    The challenges they face due to the rapidly evolving regulatory environment can often create additional risk complexity. It is important that their insurance carrier also offer that expertise and due diligence, to secure a comprehensive insurance solution.

    At Old Republic Professional, the Financial Institutions team has a deep bench of experienced underwriters who have broad knowledge from working with a wide variety of insureds, including asset managers, lending companies, and insurance companies. We provide local expertise and service that is decisive and quick to respond. In addition, we have an open brokerage distribution model that enables us to work with both retail and wholesale producers, and we offer primary and excess products on admitted and non-admitted A+ paper countrywide. 

    Information shown is subject to change at any time and without notice.

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    Primary Capacity:

    Up to $10M D&O, E&O, EPL, and FL (Blended or Individual)

     Preferred

    Small to middle market businesses in the following areas:

    Registered Asset Managers*

    Private Equity*

    Venture Capital*

    Hedge Fund Firms*

    Property REITs

    Mutual Funds

    Private Funds

    P&C Insurance Companies**

    Reinsurers**

    Captives**

    Risk Retention Groups

    Bank Lending Institutions**

    Exchanges**

    Finance Companies**

    * InvestPro for Asset Managers - Modular primary policy form for small to middle market registered advisors and registered or private funds. Primary capacity of $5M on Old Republic Union A+, non-admitted paper.

    ** All Lines except E&O

    Pass

    Sub-Prime or Short-term Lenders

    Insurance Agents or Brokers E&O

    Non-bank Lenders

    Cannabis

    Cryptocurrency

    Investment Banking

    Broker Dealers

    Mortgage REITs

    Health Care E&O

    Life Insurance E&O

     

    Excess Capacity:

    Up to $10M D&O, E&O, EPL, FL (Blended or Individual)

    Up to $25M FI Bond

    Up to $25M Side A per Claim / $50M Aggregate

    Preferred

    Targeting the classes outlined in above "Preferred" table, in addition to:

    Higher attachment for large firms (>$5B AUM or Market Caps >$7.5B)

    Side A Capacity considered for all classes & sizes

    Considered

    Excess Side A and/or FI Bond for the following classes:

    Broker Dealers

    Mortgage REITs

    Sub-Prime or Short-term Lenders

    Non-bank Lenders

    Insurance Agents or Brokers E&O

    Pass

    Classes outlined in "Pass" table, unless included in "Considered"

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    Applications & Forms

    Applications

    New Business Application for Private D&O | ORUG-101 | PDF

    Renewal Application for Private D&O | ORUG-101 | PDF

    New Business Application for EPL | ORUG-103 | PDF

    Renewal Application for EPL | ORUG-103 | PDF

    New Business Application for Fiduciary | ORUG-102 | PDF

    Renewal Application for Fiduciary | ORUG-102 | PDF

    Side A Application | ORUG-94 | PDF

    InvestPro for Asset Managers

    Primary FI InvestPro Application for Asset Managers | ORUG-104 | PDF

    Coverage Modules:

    Invest Pro Management And Professional Liability | PDF

    Employment Practices And Third Party Liability | PDF

    Fiduciary Liability | PDF

    Fund Liability | PDF

    Investment Advisor Management Liability | PDF

    Investment Advisor Professional Liability | PDF

    Policy Forms

    Primary Public Company Monoline Directors & Officers Policy Form | ORUG-95 | PDF

    Primary Private Company Monoline Directors & Officers Policy Form | ORUG-101 | PDF

    Excess Policy Form | ORUG-91 | PDF

    Lead Side A/DIC Policy Form | ORUG-93 | PDF

    Excess Side A Policy Form | ORUG-92 | PDF

    Primary Monoline Employment Practices Liability Policy Form | ORUG-103 | PDF

    Primary Monoline Fiduciary Liability Policy Form | ORUG 102 | PDF

     

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    Financial Institutions Underwriters

    Stacey Meade

    Underwriting, Chicago
    Senior Vice President

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    Stacey Meade

    Senior Vice President
    Stacey joined Old Republic Professional in April 2021, bringing over 25 years of underwriting and insurance management experience to our team. Prior to Old Republic she served as Senior Vice President QBE, leading their Financial Institutions practice for North America. Additionally, she spent 17 years with Chubb in various underwriting and leadership positions, both in the Department of Financial Institutions and Management Liability groups. Her underwriting expertise and background includes both private and public Financial Institutions Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Financial Fidelity and Financial Institution Errors and Omissions liability. Stacey is a graduate of Western Illinois University with a B.S. in Business Administration and Finance.

    Blair Puscas

    Underwriting, New York
    Vice President

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    Blair Puscas

    Vice President
    Blair joined Old Republic Professional in June 2022. Prior to joining Old Republic Professional, Blair worked at Argo Group as Vice President, Financial Institutions Northeast Underwriting Lead. Blair holds a B.S. in Business Administration with a minor in Economics from Loyola University in Baltimore, MD, and he is currently pursuing his MBA at NYU Stern School of Business.

    Dennis Heaton

    Underwriting, New York
    Assistant Vice President

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    Dennis Heaton

    Assistant Vice President
    Dennis Heaton joined our F.I. underwriting team in New York in June 2020. Dennis previously served as an Underwriting Manager at Arch Capital Group where he was employed for six years. Prior to that he spent three years at The Travelers Companies in their Financial Institutions division. Dennis is a graduate of the University of Massachusetts with a B.A. in business administration with a concentration in finance/economics.

    Melanie Rivera-Cadena

    Underwriting
    Assistant Vice President

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    Melanie Rivera-Cadena

    Assistant Vice President
    Melanie Rivera-Cadena joined Old Republic Professional in April 2022. Prior to joining Old Republic Professional, Melanie worked at Travelers as an Account Executive Officer/Lead Underwriter for the West Coast in Asset Management. Melanie holds a Bachelors in Economics and Spanish from Boston University.

    Lauren J. Wood

    Underwriting, Chicago
    Assistant Vice President

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    Lauren J. Wood

    Assistant Vice President
    Lauren Wood joined Old Republic Professional in 2024. Prior to joining Old Republic Professional, Lauren served as a Financial Institutions Underwriting Consultant for the Midwest and Western Pacific regions at CNA Insurance. Lauren holds a B.S. in Business Administration from University of Colorado Boulder. Additionally, she holds a Registered Professional Liability Underwriter (RPLU) designation awarded by the Professional Liability Underwriting Society (PLUS).

    Information shown is subject to change at any time and without notice. Please refer to policy form for full details of coverage terms and conditions. Policies are underwritten and issued by Old Republic Insurance Company.

    Products may not be available in every state. State variations may apply. Specific state-required endorsements may modify the terms of the standard policy form.

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