INVESTMENT MANAGEMENT INSURANCE
A specialised combined product protecting Investment fund managers against exposures faced by them relating to the raising of capital from investors.
Just like any financial institution, investment managers are exposed to a wide range of traditional risks, such as management liability, crime and regulatory investigations. Unfortunately, there is also a growing list of emerging risks, such as K&R and cyber, which these businesses must now address. IMI policies are combined policies including the essential insurance lines that investment managers need into a single package, including PI, D&O, and crime. This makes the buying process more efficient, while reducing gaps and overlaps in cover.
For clients holding funds in the EU, we can extend the policy to be compliant with the Alternative Investment Fund Managers Directive. This can help offset some of the capital required to cover potential liability risks arising from professional negligence. Similarly we can extend cover globally, and some policies allow for cyber liability and kidnap and ransom policies to be combined in the package.