Canopius launches investment management cover
Canopius Group has launched an investment management product for asset managers, with the aim of responding to shifts in the risk landscape in the highly-regulated asset management sector.
What it coversBreach of dutyBreach of investment mandate / trade errorsCivil fines and penaltiesDefence costsErrors and omissionsFraud or dishonestyMisrepresentation and misstatementsNegligent investment decisionsNegligent management / board decisionsRegulatory investigationsIt offers protection for asset managers from a range of financial liabilities (see box). It claimed this product offers a robust safety net.
It provides indemnity limits up to a maximum of £10m.
Regulatory landscapeMatthew
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