Argo Pro Introduces New Professional and Management Liability Insurance Coverage for Investment Advisers and Mutual Funds
October 08 2015 - 9:00AM
Business Wire
Argo Pro, a member of Argo Group International Holdings, Ltd.
(NASDAQ: AGII), an international underwriter of specialty insurance
and reinsurance products, today announced that the company has
expanded its line of professional and management liability
insurance products with a new specialty insurance offering for
investment advisers and mutual funds.
Argo Pro’s Asset Management PlaybookSM is now available to help
protect investment advisers, wealth management firms, funds and
other related financial institutions—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 customized to respond to their individual
needs.”
For more information about Argo Pro’s Asset Management
PlaybookSM, or to process a new submission, contact James P.
Scanlon, vice president, financial institutions, Argo Pro, by
phone at (732) 623-8972 or via email at jscanlon@argoprous.com.
About Argo Pro
Argo Pro is a leading provider of professional lines insurance
products and services that can accommodate medium and large
organizations on an admitted and non-admitted basis. Through a
single operating platform, and a robust network of appointed
wholesale and retail distribution partners, Argo Pro offers a
broad, customizable portfolio of errors and omissions, and
management liability insurance solutions. Argo Pro maintains
offices in Chicago, Jersey City, San Francisco, and Scottsdale. For
more information, visit www.argoprous.com.
About Argo Group
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an
international underwriter of specialty insurance and reinsurance
products in the property and casualty market. Through its operating
subsidiaries, Argo Group offers a full line of products and
services designed to meet the unique coverage and claims handling
needs of businesses in four primary segments: Excess & Surplus
Lines, Commercial Specialty, International Specialty and Syndicate
1200. Argo Group’s worldwide insurance subsidiaries are rated ‘A’
(Excellent) by A.M. Best with a stable outlook and its U.S.
insurance subsidiaries are rated ‘A-’ (Strong) by Standard &
Poor’s with a stable outlook. For more information, visit
www.argolimited.com or follow us on LinkedIn (http://ow.ly/Oe6fK)
and on Twitter at @Argo_Group.
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version on businesswire.com: http://www.businesswire.com/news/home/20151008005821/en/
Argo Group International Holdings, Ltd.Jamie Pachomski, APR,
617-235-6166Manager, Corporate Communications &
PRjpachoms@argogroupus.com
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