Financial Lines
ANCORA is a leader in the management
and administration of Financial Lines programes in the region.
Ancora's Value Proposition
We are a boutique broker with a 100% specialized team dedicated to risk management, including team members who have accumulated over 10 years of uninterrupted experience in this line of business.
We offer consultancy and guidance specifically designed to address the most complex liabilities companies may face, covering their assets as well as those of their executives and officials.
Our position as leaders within this line of business gives us an extraordinary relationship with both local and international markets, as well as with a unique network of specialists. Such a network provides all our clients with a certain peace of mind: of knowing they are protected in today’s increasingly litigious and demanding business world.
Likewise, we have the necessary experience and the adequate team to manage multinational insurance programmes, issuing policies in all countries where our insured parties operate. We ensure compliance with local regulations and provide customized service through our correspondents in more than 130 countries.
INDEPENDENT
PLACEMENT
KNOW HOW
EXPERIENCIA
CLAIMS & COVERAGE
Our Products
D&O - Directors and Officers Insurance
Protege el patrimonio de los administradores, directivos y personal de alta gerencia, frente a reclamaciones de terceros por presuntos errores u omisiones en su gestión directiva. Asimismo, protege el patrimonio de la empresa en caso de que asuma la defensa de sus directivos, incluyendo coberturas muy especializadas de apoyo en caso de una reclamación.
Somos líderes en la gestión y suscripción de este tipo de riesgos, otorgando nuestra asesoría a empresas de distintas industrias que cotizan en la BMV u otras bolsas de valores internacionales como el NYSE, NASDAQ, LSE, entre otros. Asimismo, asesoramos empresas privadas, asociaciones civiles, asociaciones sin fines de lucro, asociaciones religiosas, entre muchas otras.
E&O - Professional Liability Insurance (Errors and Omissions)
Errors and Omissions Insurance, also known as Professional Liability insurance, is a policy that protects companies and their employees, regardless of their position or hierarchy within the organization, in the event of a third party alleging suffering a financial loss as a result of negligence, error, or omission purportedly committed by the insured company’s employee.
It is designed to allow professionals to carry out their work with a certain peace of mind, providing protection for their assets against third-party claims for errors or omissions.
Various professions can be specifically insured, each with unique terms and conditions, including:
- Financial Institutions
- Doctors, Dentists, and Nurses (Medical Malpractice)
- Architects and Engineers
- Technology Companies
- Insurance and Reinsurance Agents
- Law Firms
- Accounting/Tax Firms
However, any professional service can be insured, and we can offer coverage for it. Whether a company offers its professional services to various clients and wants to protect its assets in case it needs to respond to an error or omission, or if it is a company seeking protection against any damage caused by a supplier’s error or omission, we can provide ad hoc insurance policies covering either a single project or every project and service offered throughout the policy’s period of validity.
CRIME / BBB - Commercial Crime and Fraud Insurance for Financial Institutions
Commercial Crime Insurance protects non-financial businesses against fraud committed by employees, third parties, or collusion between them.
The purpose of the policy is to compensate for the financial loss suffered by the contracting company when an employee or a third party generates a financial benefit that does not belong to either of them.
There are various coverages which can be part of the policy, including, but not limited to, the following:
- Internal Fraud
- External Fraud
- Computer Fraud
- Social Engineering Fraud
- Extortion
- Forgery of Documents
- Unauthorised Signature
- Investigation Expenses
- Software Reconstruction Expenses
- Defence Expenses
For companies in the financial sector, there are specialized insurance coverages with texts, definitions, and coverages specific to their industry.
At Ancora, we have the expertise to generate customized policy language that fits the unique needs of our clients.
Political Risk Insurance
This insurance is designed to protect the investments and assets of any company against risks of political and/or social violence, provided that the insured assets and investments are located outside the territory where the company is incorporated.
Some of the risks that can be covered by Political Risk Insurance policies include:
- Confiscation, expropriation, nationalisation, and deprivation.
- Creeping Expropriation: A series of acts that ultimately have the effect of an expropriation
- Operating License / Renegotiation or Cancellation of Concession.
- Social Engineering Fraud
- Export Embargo / Inability to Export.
- Forced Abandonment of Facilities.
- Selective Discrimination.
- Forced Divestiture: Venta forzada.
- Inconvertibility of currency and fund transfer.
- Non-compliance with an arbitration resolution or ruling.
- Political violence (including terrorism, strikes, war / civil war, etc.).
- Business interruption after an insured event—typically following political violence.
- Trade Disruption: Trade interruption.
Political Risk policies can have a duration of up to 15 years, are non-cancellable, and premiums remain fixed for the duration of the policy. They are ideal for protecting long-term investments.
Through our correspondents, we can locally serve projects and clients in more than 130 countries.
VCAP / IMI - Insurance for Private Equity Funds and Investment Institutions
This insurance is specially designed for investment structures, both simple and complex, such as Private Equity Funds, CKD’s (Certificados de Capital de Desarrollo), FIBRA’s (Fideicomisos de Inversión en Bienes Raíces), Fund of Funds, etc. We also provide specialized coverage to companies preparing for an initial public offering (IPO).
Among the risks faced by institutions offering these services that can be covered by this insurance are:
- Fundraising
- Execution of investments
- Portfolio management
- Exit strategies
Whether it’s the fund manager, sponsored companies, investment vehicles, or a range of intermediaries and structures that are part of these institutions, the need for tailor-made policies is a constant with this kind of risk. At ANCORA, we have the capability and knowledge to manage local as well as multinational programmes for investment institutions and companies.
R&W - Insurance for Mergers and Acquisitions
It protects the parties involved in a purchase-sale transaction against financial losses resulting from gaps, inaccuracies, or breaches in the representations and warranties made in the sale or merger of a business.
R&W Insurance can be purchased by the selling or buying party, offering different advantages for each one. Some of these advantages include:
- For the seller
- Limits or eliminates post-closing liability.
- Avoids the need for escrow or fund retention.
- Allows for immediate distribution of income without adjustments.
- Contingencies become a one-time expense.
- For the buyer
- Does not need to directly address the seller in case of non-compliance.
- Eliminates differences in liability limits.
- Possible competitive advantage in the case of an auction.
- Can offer a “non-adjusted” price to the seller.
- Provides comfort to the financing entities of the operation.
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