Investment Managers Elite Insurance

The ACE Investment Managers Elite Insurance policy has been created to provide protection to investment managers, funds managers and responsible entities for exposures relating to their directors and officers' liabilities, professional liabilities and crime insurances

ACE Elite Investment Management Insurance brochure

Elite Investment Management Insurance Proposal Form

Elite Investment Management Insurance Policy

Coverage Features

• Covers claims arising from acts, error, omission, breach of duty, breach of trust, breach of authority, misstatement, or misleading statement by the investment manager or managed investment scheme while performing investment services
• Broad definition of investment services
• Covers fraud, dishonesty, theft, computer or funds transfer fraud, counterfeiting, forgery, or criminal damage by any employee or third party
• Covers the investment manager, the managed investment scheme, the responsible entity, and the compliance committee
• Cover extends to persons for whom the responsible entity is responsible
• Covers all past or present subsidiaries
• Covers all directors, officers or employees
• Defence costs are advanced to the entity as they are incurred
• Covers civil and criminal liabilities
• Discovery period of 12 months or 72 months options
• No retroactive or prior acts exclusion
• Sixty-day automatic cover for subsidiaries that are newly created or acquired
• Severability of the insured persons and proposal form

Coverage enhancement requests

The following enhancements can be considered if requested by the financial institution:

• Multi-year policies are available
• Run-off cover if the insured or any of its subsidiaries has been taken over or merged with another entity

Additional Features

• Access to consultants for risk management and claims handling advice
• Local underwriting and account management expertise
• Worldwide cover
• Large capacity for risk
• Global representation