Apsley, PartnerRe Team Up To Provide HF Underwriting Service

Mar 24 2014 | 2:15pm ET

Insurance provider Apsley Specialty has joined forces with international reinsurer PartnerRe to launch an underwriting service for hedge funds seeking to comply with new European regulations.

Recent changes to the Alternative Investment Fund Managers Directive require the majority of hedge fund managers to have liability risk insurance in place by July 22, 2014.  Alternative fund managers are expected to comply with the rules by holding the appropriate “additional own funds” or “professional indemnity insurance” to cover potential risks created from professional negligence.
 
James Lawrie, executive director of the new business, has more than 10 years experience in the industry, including time at Towers Watson and Caliburn Capital Partners. Lawrie has a detailed knowledge of both sides of a very specialist insurance and hedge funds industry, having earlier spent five years in the financial institutions insurance market.
 
Said Lawrie in a statement: “These changes to the AIFMD will bring about new challenges and opportunities for the hedge fund industry. It’s a major development for fund managers as they’ll need to make sure they comply with the new regulations and our solution will allow them to do this. “
 
Apsley is an underwriting agency focused solely on the asset management sector. PartnerRe will be a capacity provider for the project.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.