Introducing Asset Manager Advantage Pro
Discover your all-new admitted solution for management and professional liability protection for asset managers*. This single-policy solution makes it easy for you to address the complex risks your clients face, from evolving regulatory expectations, to heightened scrutiny of professional judgment and governance.
With its streamlined policy structure, integrated coverage parts and built-in cyber protection, you can seamlessly deliver the specialized coverage your clients need without unnecessary complexities.
* Asset Manager Advantage Pro is not available in CT, MD.
Key policy features
- Claims-made policy
- Primary or excess coverage
- Limits up to $10 million
- Shared or separate limits
- Pay on behalf, with ability to amend to duty to defend
- No hammer clause
- Advance defense expenses
- Ability to offer cost of corrections
- Worldwide coverage territory
- Ability to offer up to a six-year optional run-off period
Additional features
- One fully customizable product for asset managers
- Seven cohesively designed coverage parts can stand alone or be combined for a total management and professional liability solution
- Cyber insurance is built into the policy form for seamless protection from key threats like social engineering and employee theft
- Library of endorsements to further customize coverage, including informal investigation, cost of correction, pre-claim coverage and dedicated private real estate endorsement
Appetite
In appetite
- Consultants
- Family offices
- Hedge funds
- Investment advisers
- Mutual funds
- Financial planners
- Private equity firms
- Real estate investment trusts (REITs)
- Trust companies
- Venture capital firms
Our sweet spot is primary placement for firms around $10B assets under management. Specific to private equity, we target firms with $3B or less in committed capital. However, we will consider firms above those thresholds.
Additional classes
We are able to also offer directors and officers and entity liability coverage for broker-dealers.
Not in appetite
- Cannabis-related businesses
- Cryptocurrency-related businesses
- Payday lenders
Coverage parts
Asset Manager Advantage Pro is structured as a cohesive set of seven coverage parts that can stand on their own or be combined into a comprehensive management and professional liability solution. Designed to work together, each part helps minimize gaps where risk, responsibility and oversight intersect.
- Directors & officers and entity liability
- Individual non-indemnified liability (side A)
- Individual indemnified liability (side B)
- Corporate entity liability (side C)
- Outside directorship liability
- Security holder derivative demand investigation
- Personal interview expense
- Supplemental limit of liability for independent directors
- Retiree coverage
- Public relations event expenses coverage
- Employment practices liability
- Employment practices liability
- Third-party liability
- Workplace violence expense coverage
- Privacy violation coverage
- Fiduciary liability coverage
- Fiduciary liability coverage
- Plan preliminary investigation or adverse benefit denial appeal
- Compliance resolution coverage
- Fiduciary expense coverage
- IRS section 4975 expense coverage
- Privacy violation coverage
- Investment adviser professional liability
- Investment adviser professional liability
- Mutual fund service provider liability
- Personal interview expense coverage
- Private fund management, entity and professional liability
- Private fund management, entity and professional liability
- Outside position liability
- Personal interview expense coverage
- Supplemental limit of liability for private fund independent directors
- Mutual fund liability
- Mutual fund management and entity liability
- Securities holder derivative demand investigation coverage
- Personal interview expense coverage
- Supplemental limit of liability for mutual fund independent directors
- Cyber insurance
Third-party coverage
- Cyber investigations
- Cyber media liability
- Privacy and security liability
First-party coverage
- Computer fraud
- Cyber business interruption and extra expense
- Cyber extortion
- Employee theft
- Payment card fines and penalties
- Security breach notification and remediation
- Social engineering
- Systems and data restoration
Investigative expenses
Product resources
Introducing Asset Manager Advantage Pro
Discover your all-new admitted solution for management and professional liability protection for asset managers*. This single-policy solution makes it easy for you to address the complex risks your clients face, from evolving regulatory expectations, to heightened scrutiny of professional judgment and governance.
With its streamlined policy structure, integrated coverage parts and built-in cyber protection, you can seamlessly deliver the specialized coverage your clients need without unnecessary complexities.
* Asset Manager Advantage Pro is not available in CT, MD.
Key policy features
- Claims-made policy
- Primary or excess coverage
- Limits up to $10 million
- Shared or separate limits
- Pay on behalf, with ability to amend to duty to defend
- No hammer clause
- Advance defense expenses
- Ability to offer cost of corrections
- Worldwide coverage territory
- Ability to offer up to a six-year optional run-off period
Additional features
- One fully customizable product for asset managers
- Seven cohesively designed coverage parts can stand alone or be combined for a total management and professional liability solution
- Cyber insurance is built into the policy form for seamless protection from key threats like social engineering and employee theft
- Library of endorsements to further customize coverage, including informal investigation, cost of correction, pre-claim coverage and dedicated private real estate endorsement
Appetite
In appetite
- Consultants
- Family offices
- Hedge funds
- Investment advisers
- Mutual funds
- Financial planners
- Private equity firms
- Real estate investment trusts (REITs)
- Trust companies
- Venture capital firms
Our sweet spot is primary placement for firms around $10B assets under management. Specific to private equity, we target firms with $3B or less in committed capital. However, we will consider firms above those thresholds.
Additional classes
We are able to also offer directors and officers and entity liability coverage for broker-dealers.
Not in appetite
- Cannabis-related businesses
- Cryptocurrency-related businesses
- Payday lenders
Coverage parts
Asset Manager Advantage Pro is structured as a cohesive set of seven coverage parts that can stand on their own or be combined into a comprehensive management and professional liability solution. Designed to work together, each part helps minimize gaps where risk, responsibility and oversight intersect.
- Directors & officers and entity liability
- Individual non-indemnified liability (side A)
- Individual indemnified liability (side B)
- Corporate entity liability (side C)
- Outside directorship liability
- Security holder derivative demand investigation
- Personal interview expense
- Supplemental limit of liability for independent directors
- Retiree coverage
- Public relations event expenses coverage
- Employment practices liability
- Employment practices liability
- Third-party liability
- Workplace violence expense coverage
- Privacy violation coverage
- Fiduciary liability coverage
- Fiduciary liability coverage
- Plan preliminary investigation or adverse benefit denial appeal
- Compliance resolution coverage
- Fiduciary expense coverage
- IRS section 4975 expense coverage
- Privacy violation coverage
- Investment adviser professional liability
- Investment adviser professional liability
- Mutual fund service provider liability
- Personal interview expense coverage
- Private fund management, entity and professional liability
- Private fund management, entity and professional liability
- Outside position liability
- Personal interview expense coverage
- Supplemental limit of liability for private fund independent directors
- Mutual fund liability
- Mutual fund management and entity liability
- Securities holder derivative demand investigation coverage
- Personal interview expense coverage
- Supplemental limit of liability for mutual fund independent directors
- Cyber insurance
Third-party coverage
- Cyber investigations
- Cyber media liability
- Privacy and security liability
First-party coverage
- Computer fraud
- Cyber business interruption and extra expense
- Cyber extortion
- Employee theft
- Payment card fines and penalties
- Security breach notification and remediation
- Social engineering
- Systems and data restoration
Investigative expenses
Product resources