The investment industry is operating in an increasingly volatile environment under intense scrutiny. When investment decisions yield lower than expected returns, investment advisors and fund management may become the targets of investigations and litigation. That’s why Crum & Forster offers a specialized insurance solution for investment advisors, mutual funds and private funds.
Since the collapse of Silicon Valley Bank (SVB) occurred in early March, there has been much deliberation about the root cause that led to its failure. Poor risk management, inadequate regulatory oversight, social media activity, and an ensuing lack of confidence spurring depositors to withdraw their cash from the bank have all been cited as contributing factors. Read the article and watch Blair’s interview with Business Insurance.
This overview is provided for informational purposes only and is not intended to be a representation of coverage that may exist in any particular situation under a policy issued by one of the companies within Crum & Forster. All conditions of coverage, terms and limitations are defined and provided for in the policy.