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Asset management is increasingly becoming more complex, with potential exposures that can have a devastating effect on your company’s bottom line. With this modular insurance policy comprised of six available coverages, Westchester offers coverage flexibility where it’s needed most.


Coverage features include:

  • Allegations by clients for breaches of investment guidelines
  • Prospectus liability lawsuits against mutual fund directors, advisers, and service providers
  • Formal regulatory investigations into alleged trading violations
  • Allegations of failure to disclose risks or conflicts of interest
  • Fee-based lawsuits
  • Lawsuits for failure to perform due diligence in the selection and oversight of sub-advisers or outside funds
  • Alleged performance misrepresentations
  • Alleged improper valuation of fund assets
  • Allegations by pension fund clients of ERISA violations
  • Employment practices liability and fiduciary liability exposures, including employee discrimination, sexual harassment, and breach of fiduciary duty in managing their employee benefit plans


  • Designed to address the full range of asset management industry organizational models, products, and services
  • Customizable to each firm’s individual business model and insurance needs, and easily adaptable to the firm’s organizational changes
  • Provides ability to select a combination of coverage parts and elect a different retention or sublimit appropriate to each coverage part


Full array of asset management firms and investment funds, including:

  • Investment advisers, wealth management firms, and family offices
  • Mutual funds, exchange traded funds, and closed-end funds
  • Hedge funds
  • Funds of funds
  • Private real estate funds


Westchester is one of the largest and most diverse excess and surplus lines commercial property and casualty insurance underwriters in the United States. Focused on the wholesale distribution channel, Westchester provides innovative specialty products for property, specialty casualty, environmental, professional risk, inland marine, product recall, small business, binding and programs. The business is further distinguished by exceptional financial strength, underwriting excellence and superior claims handling expertise. The material on this page contains product summaries intended for use solely by properly licensed insurance professionals. The insurance policy actually issued contains the terms and conditions of the contract. All products may not be available in all states and surplus lines products can be offered only through licensed surplus lines producers. Insurance provided by Westchester Fire Insurance Company and its U.S. based Chubb underwriting company affiliates. Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at Westchester is a division of Chubb, a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: