Solicitors Professional Indemnity   iCLAIMS
 
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Fund Managers

Marsh recognise that fund and investment managers face unique risk challenges, requiring intelligent, innovative and effective solutions.

In 2009 Marsh conducted a qualitative study to gain further insight in to this market. The purpose of the study was to discover how insurers had been affected by Madoff and the global sub-prime crisis and, in turn, how this would influence the cost and availability of insurance for fund and investment managers, in particular hedge funds.

The research discovered some significant (and surprising) variances in the scope of cover enjoyed by fund Managers.

Given the results of this research we strongly recommend that fund and investment managers carry out an independent policy 'health check' to ensure policy wordings and cover are adequate.

 

Seizure of IT Assets

 The effects of the global recession will be felt for a number of years. This can be a breeding ground for the disgruntled employee who can cause damage to your computer network and the data that resides on it. Mergers and acquisitions can have a similar effect if employees do not find meaningful employment post the merger or acquisition.

Foreign governments are now fully exploiting the online world with malware that captures and relays confidential data. A report in 2009 stated that 'a number of countries are actively seeking UK information and material to advance their own military, technological and political gains'. The pandemic threat of a major 'denial of service attack' that could cripple key global data centres could pose a risk of many hours of unplanned downtime.

The increase in regulatory authority powers may result in the seizure of critical servers in the event your are involved in a security breach or data privacy breach or possibly involved in using pirated or unlicenced software thereby rendering parts of your network inoperable whilst an investigation is conducted.

 

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Marsh Ireland Brokers Limited, trading as Marsh Ireland, Bowring Marsh, Charity Insurance, Echelon Claims Consultants, Guy Carpenter & Company, ILCS, Insolutions, JLT Ireland, Lloyd & Partners, Marsh Aviation Consulting, Marsh Claims Management Services, Marsh Claims Solutions, Marsh JLT Specialty, Marsh Reclaim, Marsh Risk Consulting, is regulated by the Central Bank of Ireland.. Marsh Ireland Brokers Limited is a private company limited by shares registered in Ireland under company number: 169458. VAT Number IE 6569458D. Registered Office: 25-28 Adelaide Road, Dublin 2, Ireland, D02 RY98.

Directors: T Colraine (British), A J Croft (previously Kehoe), P G Dromgoole (British), J Flahive (British), J C Grogan, P R Howett, C J Lay (British), S P Roche, R I White (British).