Chubb has introduced five new fidelity bonds to modernize its product suite of Financial Institution Bonds that began with the introduction of the first-of-its-kind Financial Institution Bond for Asset Managers. Each bond is designed to address the increased operational risk faced by financial institutions from a host of emerging risks as well as regulatory and compliance requirements. In addition to traditional exposures like employee dishonesty, financial institutions face growingly frequent risks, including the theft of funds caused by an unauthorized access into the firm's computer system, fraudulent funds transfer instructions, and the social engineering of customers, executives, and vendors.