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There are good reasons to consider Investment Management Insurance from AIG

Cover uncertainty

Insuring a fund's various liabilities with individual products from a variety of insurance companies can lead to a major headache when seeking to allocate responsibility between them. Problems can also arise because of differences between the policies terms, conditions, limits and retentions.

AIG’s solution

To reduce the risks of these problems arising, AIG offers a single comprehensive 'umbrella' product for investment managers, advisors and funds. This avoids issues in allocating liability between insurers, different policy limits, definitions, exclusions, retentions and conditions. It also reduces the risks of any gaps in cover.

Who is it for?

Investment management companies, investment funds, hedge funds and investment trusts.

What is covered?

Investment Management Insurance includes:

  • Automatic cover for approved persons, outside entity directors, domestic partners, administrators, and executors
  • Automatic new fund and subsidiary cover, provided the fund or subsidiary in question meets pre-determined criteria
  • Automatic vicarious liability cover
  • Emergency costs
  • Court attendance costs
  • Professional indemnity insurance and defence costs arising from investment advisory services
  • Professional indemnity insurance, directors & officers cover and defence costs in the management or operation of an investment fund
  • Directors and Officers liability and defence costs
  • Crime - protecting the business and the funds from direct financial losses suffered as a result of employee infidelity or third party crimes

 

This site only contains an overview of the most important coverages. Only the general and specific  conditions (“Insurance Policy”) provide an accurate, binding, description of the covers and exclusions.

It is necessary to fully analyse the Insurance Policy, as well as all other relevant documents with contractual and pre-contractual information before any decision to buy, underwrite, adhere to, accept, sign or conclude an insurance agreement.