Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its line of professional and management liability insurance products with a new specialty insurance offering for investment advisers and mutual funds.
Argo Pro’s Asset Management Playbook is now available to help protect investment advisers, wealth management firms, funds and other related financial institutions—up to $15 million in capacity—from potential liability risks associated with the professional services they provide to their clients.
Features of this specialty insurance product include coverage under one policy for investment adviser professional liability, investment adviser management liability, investment fund management liability, employment practices liability and fiduciary liability.
“As the complexity of today’s securities markets continues to intensify, investment advisers are becoming increasingly vulnerable to possible litigation, regulatory scrutiny and a host of emerging liability risks,” said Laurie Banez, senior vice president, chief underwriting officer, Argo Pro. “To keep pace with such exposure, firms can take a proactive approach to managing their risk by protecting their interests with a flexible specialty insurance policy that can be customized to respond to their individual needs.”
Argo Pro is a provider of professional lines insurance products and services medium and large organizations on an admitted and non-admitted basis. Argo Pro maintains offices in Chicago, Jersey City, San Francisco, and Scottsdale.
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