Risks Facing Investment Managers

The challenges faced by investment managers are always evolving. Their cover should too.

Written on 22 November, 2017

The challenges faced by investment managers are always evolving. Their cover should too.

Every day, the challenges an investment manager faces grow more daunting. Increased regulatory scrutiny and intervention. Pressure on fee structures. The rising risk of cyber-attacks. The emergence of social engineering fraud. And while dealing with all that, it’s easy to neglect contractual liability exposures when engaging third party service providers such as custodians or administrators.

As these exposures increase, it’s comforting to know there’s an insurer whose product offerings have evolved to address them: Liberty Specialty Markets (LSM).

LSM’s new Investment Managers Insurance (IMI) policy – offering some of the most comprehensive coverage in the market – provides the protection and financial security fund managers need, allowing them to focus on their clients and the volatility of financial markets.

LSM’s IMI and specifically tailored REIT and Venture Capital & Private Equity policy wordings combine Professional Indemnity, Directors’ & Officers’ (D&O) Liability and Crime covers for a broad range of fund and asset managers. LSM’s new IMI policy includes:

  • Self-report, internal and industry-wide inquiry costs cover
  • Administrative action appeal costs cover
  • Cyber liability, extortion and privacy breach notification costs
  • Contractual liability cover
  • Lifetime D&O cover for former insured persons
  • Public relations costs in the event of loss of a key manager
  • Social engineering cover with no standard exclusions or sub-limits.

LSM’s experienced underwriters have specialist knowledge of the industry, and work hard to stay ahead of the curve. Should you need to make a claim, LSM’s claims professionals have the expertise to manage complex financial institutions litigation and are empowered to make swift decisions. And it’s all backed by the global reach and financial strength of Liberty Mutual Insurance Company, part of the Fortune 100 Liberty Mutual Group.

To find out more about how LSM can protect investment managers in an ever-changing environment, read our IMI policy specifications or visit www.libertyspecialtymarkets.com.au today.

This piece has been sponsored by LSM.