Banks and Financial

Banks & Financial Institutions

The Banks & Financial Institutions Division has been a market-leading specialist in the placement and servicing of insurance and reinsurance of Banks and other financial institutions for over thirty years.  The Division has a global spread of clients and is active in assisting its clients with risk review and presentation of their insurance needs.  Many policy wordings used at Lloyd’s have been written by our experienced executives for our Banks and Financial Institutions clients.

The traditional Bankers’ Blanket Bond policy is commonly divided into seven sections, as follows –

Within this structure we are then able to amend and extend each clause or paragraph to meet the needs of each individual client.  Where appropriate we may recommend additional specialist coverage’s reflecting the assessment of the exposure to risk.  These may include –

For further details on the coverage offered by the Bankers’ Blanket Bond and a fuller discussion of the extensions available, please look at our guide to Financial Institutions Insurance, available to view or download here. [link to Financial Institutions Insurance Coverage document]

You may access our Policy Wordings and Proposal forms by clicking on the following links:

Policy Wordings

Proposal Forms

Please find below divisional personnel:

Stewart Brown

Chairman and Chief Executive

Stewart Brown joined Butcher, Robinson & Staples in 1979 and is an experienced broker within the Financial Institutions market.  He is Chief Executive Officer of the group holding company and Chairman of Butcher, Robinson & Staples International Limited, the authorized Lloyd’s broker.  He is a registered member of the Chartered Insurance Institute.

Tel: +44 020 7337 0337



Alex Kolasky


Alex Kolasky joined us in 1980 and is the Director with responsibility for broking within the Banks & Financial Institutions Division.  He also acts as Chairman of the Risk Assessment committee.

Tel: +44 020 7337 0334



Graham Cuthbert


Graham Cuthbert joined us in 1988.  He is the Director responsible for Banks & Financial Institutions Division technical administration and also acts as Chairman of the firm’s Compliance committee.  He is a registered member of the Chartered Insurance Institute.

Tel: +44 020 7337 0321



Andrew Symonds

Divisional Director of Banks & Financial Institutions

Andrew Symonds has over twenty years’ experience of Banks & Financial Institutions insurance and has extensive knowledge of the Mexican and Middle Eastern markets.

Tel: +44 020 7337 0365




Adam Leech

Tel: +44 020 7337 0319



Carlo Polifroni

Account Executive

Tel: +44 020 7337 0330



Angela Gardner

Account Executive

Tel: +44 020 7337 0373



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    • Over 35 Years Experience

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    Butcher, Robinson & Staples: 3rd Floor, Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN - Email: - Tel: +44 020 7337 0300 - Fax: +44 020 7929 0083

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