Investment - Articles - Marsh launch Delta Investment Management insurance facility


Marsh, a global leader in insurance broking and risk management, today launches its Delta Investment Management Insurance (IMI) facility to assist the global asset management community – including asset and investment managers, hedge fund managers and fund-of-funds managers – in managing professional indemnity and crime risks.

 Delta IMI is underwritten by a panel of leading London market insurers and is available to clients globally (excluding those domiciled in the US). Each insurer can provide limits of liability up to GBP 10 million, USD 15 million, CAD 15 million, AUS 15 million, or EUR 15 million; or collectively they may provide a maximum of GBP 40 million, or equivalent currency. 

 Delta IMI’s features include:

     
  1.   Provision for mitigation costs.
  2.  
  3.   Cover for wrongful professional acts, including those acts by a person or entity for whom the insured is legally liable.
  4.  
  5.   A narrow “insured entity-versus-insured entity” exclusion, with a specific carve-back for funds.
  6.  
  7.   Cover for investigation, emergency and critical regulatory response costs (each not subject to a retention).
  8.  
  9.   Professional indemnity and directors and officers cover for funds.

  

 Neill Harman, UK Asset Management Practice Leader at Marsh, commented:

 “Low frequency, high impact events, such as a product failure, can have a profound impact on an asset management firm’s financial health.

 “The Marsh Delta IMI facility has been developed to address many of the coverage issues which have emerged following the financial crisis. Marsh Delta IMI provides excellent protection for the financial, business and operational risks typically identified within our clients’ risk management frameworks.”

  

Back to Index


Similar News to this Story

Pledge to progress as £11bn invested in productive assets
The insurance and long-term savings industry is making positive progress towards its pledge to invest £100 billion into assets which contribute to eco
Changing aims of pensions drive interest in hedge funds
Aon has said that market volatility and wider macro-economic uncertainty is driving a surge in hedge fund investment from UK defined benefit (DB) pens
Bulls come out to play as earnings season moves up a gear
FTSE 100 climbs back above 9,000. BP to sell US wind assets. Reckitt agrees to sell Essential home for $4.8bn. US stocks reach record highs again. St

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.