AIG Executive Liability’s Financial Institutions Group has introduced Investment Management Insurance^SM (IMI), specialized coverage for investment advisors and managed funds. Today’s volatile market conditions, complex regulatory environment, and increasingly sophisticated financial instruments have led to a rise in risk exposures for investment firms and funds, and for their general partners and affiliated service providers. They may face claims of mismanagement, breach of fiduciary duty, and failure to provide adequate disclosure of market-related risks. AIG IMI addresses these risks.

• Investment Advisor Professional Liability
• Fund Professional and Management Liability
• Investment Advisor Management Liability
• Distributor Professional Liability
• Cost of Corrections

• Violation of investment guidelines and/or investment management contract
• Breach of securities regulations
• Shareholder class action suits
• Allegations of lack of due diligence, unintentional misrepresentation, incorrect execution of orders, and suitability
• Individual insureds that are the subject of a regulatory investigation
• ETFs and hedge funds
• Punitive damages, where insurable