ABA Insurance Services

ABA Insurance Services, a member of Great American Insurance Group, is a long-term, reliable and stable source of insurance for financial institutions, including trust companies and banks in organization, up to $20 billion in assets. This unique program has been committed to serving and supporting financial institutions by providing quality insurance and excellent customer service for over 30 years.

Supporting the banking industry
  • Endorsed or preferred program of American Bankers Association and 34 state bankers associations, including Oregon Bankers Association.
  • With a 30% market share countrywide, the average renewal retention rate exceeds 90%. 1 out of 3 banks have been with the program for 10 or more years.
  • The only professional lines program in the marketplace to offer a distribution. The program’s reinsurer, American Bankers Mutual Insurance, Ltd., has declared distributions to participating banks for 29 consecutive years, totaling over $86 million.

ABA Insurance Services’ Advantages
  • We are recognized as insurance experts who understand banking operations. Our tenured and experienced team of underwriting and claims professionals—many with backgrounds in the banking industry—are highly regarded for their in-depth knowledge and expertise.
  • As pioneers of cyber coverage, we have a deep understanding of cyber-related banking issues with our program introducing the first Internet banking coverage to the bank market in 2001.
  • We help mitigate risks by providing free and valuable loss control resources:
  • SafeTalk® newsletters, SafeAlert® bulletins and webinars
  • Employment Practices Helpline and HRRiskManager.com for EPLI customers, managed by the national law firm of Littler Mendelson
  • Our Cyber Care program features breach/loss control resources for Cyber insureds, including a 24/7 Breach Hotline, powered by BakerHostetler
  • The hallmark of our program is our customer service. We are renowned for our prompt and honest communication, and for providing quotes and proposals by mutually agreed upon promise dates.
Primary coverage*
Directors & Officers Liability (D&O)
Financial Institution Bond
Cyber Liability
Employment Practices Liability (EPLI)
Bankers Professional Liability
Lender Liability
Trust Services Liability
Specialty coverage
Surety Bonds, including STAMP*
Excess Liability
Property & Casualty
Mortgage E&O and Impairment
Force Placed/Foreclosed Property
Synergy/OBA endorsed program for D&O/Bond related coverage only (all products listed under “Primary Coverage”) and STAMP Surety Bonds; all other products listed under “Specialty Coverage” are not. Insurance products are available where approved and/or applicable. All coverage descriptions are provided for informational and educational purposes only and are not a representation as to coverage. For details on the coverage provided by your specific contract of insurance, please refer to your policy.

Contact Information

Scott Harris
Business Development Manager
(216) 308-0572
seharris@abais.com