Argo Pro expands insurance product offering

Argo Pro, a subsidiary of specialty re/insurer Argo Group, has expanded its line of professional and management liability insurance products with a new specialty insurance offering for investment advisers and mutual funds.

Asset Management PlaybookSM is now available to help protect investment advisers, wealth management firms, funds and other related financial institutions, with 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 customised to respond to their individual needs.”