Asset management is increasingly becoming more complex, with potential exposures that can have a devastating effect on your company’s bottom line. With this modular insurance policy comprised of six available coverages, Chubb offers coverage flexibility where it’s needed most.

Coverage Highlights

Benefits

  • Designed to address the full range of asset management industry organizational models, products, and services
  • Customizable to each firm’s individual business model and insurance needs, and easily adaptable to the firm’s organizational changes
  • Provides ability to select a combination of coverage parts and elect a different retention or sublimit appropriate to each coverage part

Coverage

Coverage features include:

  • Allegations by clients for breaches of investment guidelines
  • Prospectus liability lawsuits against mutual fund directors, advisers, and service providers
  • Formal regulatory investigations into alleged trading violations
  • Allegations of failure to disclose risks or conflicts of interest
  • Fee-based lawsuits
  • Lawsuits for failure to perform due diligence in the selection and oversight of sub-advisers or outside funds
  • Alleged performance misrepresentations
  • Alleged improper valuation of fund assets
  • Allegations by pension fund clients of ERISA violations
  • Employment practices liability and fiduciary liability exposures, including employee discrimination, sexual harassment, and breach of fiduciary duty in managing their employee benefit plans

Target Clients

  • Full array of asset management firms and investment funds, including:
    • Investment advisers and consultants
    • Wealth management firms
    • Mutual funds, exchange traded funds, and closed-end funds
    • Hedge funds
    • Funds of funds
    • Real estate investment trusts (REITs)
    • Private real estate funds
Getting Sophisticated with Asset Management Industry Solutions

Chubb’s Chief Compliance Officer Endorsement gives CCOs confidence in knowing they will have coverage even if they are not indemnified by their organization.