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Iron Cove Blog

Check here for the latest Iron Cove Case Studies & Financial Services Related Blog Posts

EPIC Brokers & Consultant Adds Lou D’Agostino as a Principal in New York - Addition of new team deepens EPIC’s commitment to the Financial Services Industry

Jul 24, 2018 8:15:28 AM

New York, NY (July 24, 2018) – EPIC Insurance Brokers & Consultants announced today that risk management and insurance brokerage veteran Lou D'Agostino and his Iron Cove Partners team have joined the firm. D’Agostino has over 17 years of insurance brokerage experience with an expertise in serving the Financial Services industry. 

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Tags: brokerage, Iron Cove, Insurance Protection, regulatory coverage, Risk, Hedge Funds, Private Equity, gdpr, Examinations, insurance market, premium, epicbrokers, principal, New York, join, financial services

Hedge Fund Management & Professional Liability Insurance Market Update

Jun 13, 2018 2:22:14 PM

Hedge Fund Insurance Market Update

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Tags: brokerage, Iron Cove, Insurance Protection, regulatory coverage, Risk, Hedge Funds, Private Equity, gdpr, Examinations, insurance market, premium

Can You Insure Against GDPR Fines?

May 21, 2018 10:46:34 AM

May 21st, 2018

The General Data Protection Regulation goes into effect this month on May 25. Better known as the GDPR, the regulation was adopted in 2016 to extend data protection and privacy people within the EU. If you do business within the EU, even if your company is based outside of it, the GDPR is set to affect you. While uniformity should, theoretically, make compliance easier, penalties are set at 4% of global turnover or €20 million, whichever is higher. That’s not even including the cost of litigation or compensating victims of a data breach.

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Tags: brokerage, Iron Cove, gdpr, Cyber & Privacy Liability, Insurance Protection, regulatory coverage, Risk, Hedge Funds, Private Equity

Financial Institutions and Employment Practices Liability Insurance Protection #metoo

Feb 19, 2018 8:54:20 PM
Bonner v. Point72 Asset Management, 18-cv-01233, U.S. District Court, Southern District of New York. The lawsuit filed earlier this month alleges that Steven Cohen’s Point72 Asset Management firm discriminates against women. For its part, the firm denied the allegations and filed papers to seal the complaint, alleging that the claimant is trying “to harm Point72’s repetitional interests, cause upset among its employees by disclosing their confidential personal information, and perhaps, generate publicity."
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Tags: Employment Practices Liability, employment practices, Legal liability, Iron Cove, Hedge Funds, registered investment adviser, financial institutions, Insurance Protection, Private Equity, Investment Adviser

Case Study: Iron Cove Partners Spearhead PEO Search for Emerging Hedge Fund Manager

Feb 14, 2018 12:36:16 PM

As a full-service insurance advisory, Iron Cove is highly sought-after across the investment services sector. Recently, the company was brought on in an advisory capacity by a hedge fund preparing to launch. Understandably, the fund’s COO was burdened by all the early decisions such firms must make. Which vendors should be used? What alternatives exist for employee healthcare? How will the administrative costs break down? Even for executives seasoned in operational excellence, correctly arriving at the best solution can take time better spent tackling mission-critical objectives.

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Tags: advisory, PEO, Healthcare, Insurance Protection, brokerage, Hedge Funds, registered investment adviser, Iron Cove Partners, trinet, prestige, engage, adp

Management Company Liability to Outside Shareholders

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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Tags: Advisory Board Member, Breach, Directors & Officers Liability, Errors and Omissions, Fiduciary, financial institutions, hedge fund, Hedge Funds, Insurance, Insurance Protection, Iron Cove Partners, Lawsuit, Liability, louis d'agostino, Management Company, Partner, Shareholder

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