Overview
Arch’s Financial Services Group has a broad appetite for insuring hedge funds across a variety of strategies. The team is particularly focused on working with funds with a solid infrastructure, strong compliance program and management team with a proven track record. Arch offers a comprehensive suite of coverage to address the heightened litigation risk that hedge funds and their managers face from both internal and external constituents.
Capacity
Up to $25 million in limits on a primary or excess basis.
Financial Strength
- A.M. Best: A+ XV.
- S&P: A+.
- Fitch: AA-.
- Moody’s: A2.
Ratings are as of Dec. 31, 2023. Ratings are for Arch Insurance Company, Arch Specialty Insurance Company, Arch Property Casualty Insurance Company and Arch Insurance (UK) Limited. Arch Indemnity Insurance Company is not rated by Moody’s; Arch Insurance Canada Ltd. is not rated by Moody’s or A.M. Best.
Distribution
Select retail and wholesale producers.
Corporate Contact
Micah Ponto
Senior Vice President, Head of Financial Services
Michael Landers
Senior Vice President, Financial Services
Megan Hirschey
Senior Vice President, Financial Services
Proud to be recognized as a 2024 5-Star Professional Liability and D&O carrier by Insurance Business America.
This award recognizes carriers leading the way with award-winning underwriting expertise, speed in claims handling and strength of product solutions.
Our Brand Promise
Pursuing Better Together encapsulates how we do business at Arch Insurance. It is an approach that is based on collaboration, responsiveness and a genuine commitment to continually raising the bar.
It is our promise to our brokers, colleagues and other partners to:
- Listen, share insights and work together to deliver informed solutions.
- Build trusting, respectful and responsive relationships.
- Understand your goals and explore possibilities together.
Product Highlights
The Alternative Asset Management Policy® with Hedge Fund Plus covers all directors, officers, employees, trustees, and members of a fund’s Board of Managers or management committee for claims arising out of the performance of their duties to funds, insured organizations and separately managed accounts including the selection and oversight of outside service providers. The policy also covers hedge funds and other private funds for claims arising from the organization, capitalization, and operation of the funds as well as provides employment practices liability coverage.
The following are also available upon request subject to additional information:
- Cost of corrections coverage.
- Outside directorship liability coverage.
- Fiduciary liability coverage.
Key Features
- Admitted in most states.
- Simplified form with 3 insuring agreements.
- Well suited for pure play hedge funds, as well as hybrid hedge/private equity funds with private investments, private equity structured vehicles/funds, and portfolio company capacities.
- “Asset Management Services” includes separately managed accounts.
- No exclusions in base policy form for excessive fees, investment banking services, or counter party failure to settle any transaction.
- Coverage for damage, destruction, or loss of client/investor records.
- A manuscript policy form may also be available upon request.
Submission Guidelines
All Coverages
- Most recent audited financial statements (if available).
- Due Diligence Questionnaire (if available).
- Senior management biographical information.
- Most recent audited financial statements and quarterly reports to investors for each Fund.
- Most recent offering memorandum and partnership agreement.
- Complete schedule of all open proceedings regarding actual or alleged violations of securities laws, employment laws, antitrust, copyright or patent laws (including but not limited to claims alleging tortious interference with contracts and misappropriation of trade secrets) or any governmental, regulatory or administrative proceeding or investigation involving your Portfolio companies. Include details such as the party bringing the action, the forum and venue, and basic allegations underlying the matter. (New Buyer Applicants only).
Fiduciary
- Copy of Form 5500 for each Plan.
- Audited financial statements with investment portfolios for each plan.
- Plan descriptions and financial statement for any non-qualified plans.
Speak with a Regional Expert
Northeast Contact
Sean O’Connor
Vice President, Financial Services
Central Contact
Jake Holcombe
Vice President, Executive Assurance
Southeast Contact
Vincent Piacentino
Vice President, Financial Services
West Contact
Joseph DeCree
Vice President, Financial Services
