ABA Insurance Services, a member of Great American insurance Group, serves the banking industry by offering D&O, bond, cyber and other related insurance to financial institutions countrywide, with nearly 1 in 2 Maryland banks choosing ABA Insurance Services for their coverage. This unique insurance program has been a market leader for over 30 years and is recognized by insurance and banking professionals as a secure, stable and affordable source of coverage. Through the program's primary reinsurer, American Bankers Mutual Insurance, Ltd., a distribution to banks has been declared for 29 consecutive years, totaling $86.3 million with 19 Maryland banks sharing over $48,500 in 2019.
Program Advantages Exclusive to MBA Members
ABA Insurance Services is recognized as insurance experts who understand banking operations, their tenured and experienced team of underwriting and claims professionals are highly regarded for their in-depth knowledge and expertise. Take a look at some of the many benefits they provide exclusive to MBA members:
Experienced underwriting and claims processing, and professionals who have financial industry and regulatory backgrounds with in-depth insurance knowledge and understanding of the scope and operations of banking.
Claims that are adjusted by highly-specialized and tenured attorneys.
Unique expertise and focus on banks
Exceptional customer service and standards — claim submissions are acknowledged within 24 hours with proposals delivered on or before established and mutually agreed upon promise dates.
An excellent D&O and Bond program that is utilized by 31 state bankers associations.
Flexibility - ABA Insurance Services will work directly with you or with your trusted insurance agent.