Introducing – GSC Financial Services

GSC Financial Insurance Services

GSC Financial Insurance Services
(A division of Gunn Steers & Company, LLC)

Gunn, Steers & Company
is a pround Member of the
Hedge Fund Association (HFA)
For a printed copy of our
financial services brochure
click here

FI Landscape

The FI Landscape Has ChangedGSC Financial Insurance Services
With Asset Management regulatory reform and the general issue of transparency high in the political debate, none should be surprised if all types of Asset Management organizations and the universe of Funds come under further scrutiny in the coming months. Scrutiny does not mean the financial institution business is going to wither. Institutional investors will continue to increase asset allocation, particularly as more compliance, regulations, and risk management controls become more transparent and acceptable to their investment committees.

Risks

The Major Risks You Face
1.Allegations of mismanagement and excessive fees;
2.Misrepresentation, failure to disclose and or breach of investment guidelines set forth in the Advisory Agreement, Fund Prospectus, PPM’s, LP Document, etc;
3.Formal and informal investigations from the SEC and other governmental regulators;
4.Breach of Fiduciary Duties;
5.Improper NAV Valuations;
6.Breach of ERISA Regulations;
7.Vicarious Liability;
8.Employment Practices Liability;
9.Employee Theft

Role

Role of Insurance
Management Liability (D&O/E&O) insurance has proven to be a highly effective means of managing operational risks in the Asset Management industry. Typically the insurance coverage is bought on a blanket basis covering the various entities and relationships within a fund structure. Coverage should include: 1) Coverage for the Fund for claims brought by its investors, limited partners, competitors, regulatory agencies and companies in which the fund may invest; 2) Protection for the General Partner or Managing Member and Fund Asset Manger in their professional or fiduciary capacity; 3) Directors and Officers Liability (D&O) Insurance for the D&O’s of the Fund and Fund Manager; Professional Liability (E&O) Insurance protection for the fund manager for claims arising out of professional services rendered on behalf of the fund or for separate managed accounts; 4) Employment Practices Liability (EPL) for claims brought by current, past or prospective employees for wrongful termination, failure to hire/promote, discrimination or sexual harassment.

Help

How GSC Financial Can Help
GSC Financial has committed professionals who attend Mutual Fund, Investment Advisor, Hedge Fund/Alternative Investment Fund, Private Equity conferences and seminars to stay current on investment management issues and topics. This commitment and intimate knowledge of the industry allows us to work closely with the client to evaluate the operational risks and design a comprehensive and cost effective insurance solution. Being located in New York City, GSC Financial has direct access and strong relationships with countrywide underwriting managers of the leading insurance carriers. This affords us and the client a favorable negotiated insurance solution that will not come unraveled, and proper claims management is assured.

About Us

About UsGSC Financial Insurance Services
Founded in 1925, Gunn, Steers & Company is a premiere global insurance broker and risk management organization providing Business Insurance, Employee Benefits and Personal Insurance. Since 1984 GSC Financial Insurance Services (a division of Gunn Steers & Company) has developed and grown a product specialty in meeting the insurance needs and requirements of the Asset Management Industry. Headquartered in New York City, GSC Financial has a dedicated team of insurance and risk management experts whose business experience is singularly focused on the Asset Management Industry, such as Mutual Funds, Hedge Funds, Investment Advisors, Security Brokers/Dealers, Venture Capital Funds and Private Equity Funds.

Programs

Programs Available:
•Directors & Officers (D&O)/Professional
(E&O) Liability (A/K/A Management Liability)
•Crime/Employee Dishonesty Insurance
•Independent Directors Liability (IDL) •Domestic Property & Casualty Insurance
Property/Inland Marine
General Liability
Worker’s Compensation
Commercial Automobile
Umbrella Liability
•Side A coverage for Directors •Foreign/Global Property & Casualty Insurance
•Employment Practices Liability (EPL) •Kidnap & Ransom Insurance
•ERISA Fiduciary Fidelity Bond •Employee Benefits Insurance
Health/Medical Insurance
Dental Insurance
Vision Insurance
Disability Insurance (Long & Short Term)
Group Life and AD&D
Group Travel Accident
•Fiduciary Liability •Key Man Life Insurance
•Crime/ERISA Bond •Buy/Sell Agreement Life Insurance

Markets

Insurance Markets:
ACE The Hartford
Arch Group Houston Casualty (HCC)
Axis ICI Mutual
Chartis Insurance Lloyds of London
Chubb & Son Lexington
C.N.A. Travelers
Endurance XL Specialty
Freedom Specialty Zurich
For a printed copy of our financial services brochure click here

Contact Us

Gunn, Steers & Company, LLC

30 East 39th Street, 3rd Floor

New York, NY 10016

Telephone: 212.883.8400

Toll Free: 866.GUNN INS (866.486.6467)

Fax: 212.883.6688

30 East 39th Street, Fifth Floor
New York, NY 10016
(212) 883-8400

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