The Arch Alternative Asset Management Liability Policy®

Overview

Arch’s Financial Services Group has a broad appetite for insuring private equity funds, venture funds and real estate 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.

Capacity

Up to $25 million in limits on a primary or excess basis.

Financial Strength

  • A.M. Best: A+ XV.
  • S&P: A+.
  • Fitch: A+.
  • Moody’s: A2.

Distribution

Select retail and wholesale producers.

Corporate Contact

Micah Ponto

Senior Vice President, Head of Financial Services

Direct: +1 312 601 8408

Mobile: +1 312 339 5699

[email protected]

Michael Landers

Senior Vice President, Financial Services

+ 1 646 563 6378

[email protected]

Megan Hirschey

Senior Vice President, Financial Services

+1 312 601 8439

[email protected]

Proud to be recognized as a 2021 5-Star Professional Liability
and D&O by Insurance Business America.

Justin Psaki, EVP Executive Assurance Division and Professional Liability Division, and Marilyn Marshall, EVP Professional Liability, describe Arch’s response to the hard market in D&O, Cyber and Professional Liability and share more about their strategy for 2022.

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® 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 private equity, venture, 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 private equity funds with private investments, private equity structured vehicles/funds, and portfolio company capacities.
  • 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

Assistant Vice President, Financial Services

+1 646 563 6436

[email protected]

Central Contact

Jake Holcombe

Vice President, Financial Services

+1 914 369 1654

[email protected]

Southeast Contact

Vincent Piacentino

Underwriting Manager, Financial Services

+1 646 563 5606

[email protected]

West Contact

Joseph DeCree

Assistant Vice President, Financial Services

+1 646 563 6354

[email protected]

Document Library

The Arch Alternative Asset Management Liability Policy Application

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