Hedge Fund Insurance Benchmarking Survey Reveals Trends and Views Concerning Insurance Purchasing, Pricing, Coverage Limits, Frequency of Claims and Quality of Claims Service

As the risks of doing business for hedge fund managers have increased, many have carefully evaluated various types of liability insurance, with a particular focus on the coverage and pricing of such products.  To assist hedge fund managers in understanding trends in the market for such insurance, enhancing risk management and discussing insurance coverage with fund investors, London-based insurance consultant and broker, Baronsmead, has released the results of its second annual hedge fund insurance benchmarking survey (survey).  The survey asked hedge fund managers and insurers to answer questions concerning: purchasing decisions related to directors and officers insurance and professional indemnity insurance, often known as errors and omissions insurance; insurance premiums, frequency of claims and quality of claims service; and risks of doing business as a hedge fund manager.  This article summarizes the key findings in the survey.

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