Jan 6, 2014 1:59:24 PM
Most Money Management Firms purchase blended D&O and E&O Insurance Policies under the assumption that they are covered in the event an outside shareholder brings a lawsuit alleging mis-management or breach of fiduciary. While they may be right, there are a variety of policy provisions that could preclude coverage in the event of litigation.
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Hedge Funds,
Insurance,
Advisory Board Member,
Breach,
Directors & Officers Liability,
Errors and Omissions,
Fiduciary,
financial institutions,
hedge fund,
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Iron Cove Partners,
Lawsuit,
Liability,
louis d'agostino,
Management Company,
Partner,
Shareholder
Dec 17, 2013 4:15:41 PM
Fiduciary Liability
Countless numbers of our financial institution clients are asked to carry Fiduciary Liability protection by third-party investors. This request causes a lot of confusion for asset management firms due to the fact that they rarely ever purchase it (at least in the most literal sense).
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hedge fund insurance,
Hedge Funds,
Insurance,
agency,
Asset Management,
Iron Cove Posts,
brokerage,
Due Diligence Questionaire,
ERISA,
Errors and Omissions,
Fiduciary,
Fiduciary Liability,
hedge fund,
investment advisors,
Liability,
Lou D'Agostino,
Pension Plans
Dec 11, 2013 6:04:49 PM
In a recent conversation with one of our key Prime Brokerage relationships, we were asked whether or not their client had protection for trade errors. It was their understanding that the error itself wasn't covered but the defense and legal bills typically would be. Please see our exchange below:
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Tags:
Insurance,
Investment Advisor,
Iron Cove Posts,
cost of corrections,
Directors & Officers Liability,
Errors and Omissions,
hedge fund,
Trade error
May 29, 2013 11:51:48 AM
May 29th, 2013
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Insurance,
insurance,
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Broker-dealer,
brokerage,
Claims,
Coverage Overview,
E&O Insurance,
Errors and Omissions,
Expertise,
Iron Cove Partners,
Litigation,
Lou D'Agostino
Tags:
insurance,
40 Under 40,
agency,
Asset Management,
Iron Cove Posts,
brokerage,
Business,
directors and officers,
Examiner,
financial services,
hedge fund,
Iron Cove Partners,
Liability,
long island,
long island business news,
louis d'agostino,
Property & Casualty
Tags:
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insurance,
Auto,
Iron Cove Posts,
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defendants,
dog bites,
Homeowners,
income,
Iron Cove Partners,
Lawsuits,
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libel,
Lou D'Agostino,
louis d'agostino,
luxury,
personal insurance,
Private Client,
slander,
Umbrella,
wealth
