Pioneer Underwriters Launches New EU Regulatory Product

Feb 5 2015 | 9:21am ET

Pioneer Underwriters launched a new EU regulatory compliant product for alternative investment fund managers (AIFMs).

The product is aimed at AIFMs located outside of the European Union and ensures that their policyholders are compliant with insuruance provisions in Alternative Investment Fund Managers' Directive (AIFMD).

"The Pioneer team developed this product in response to demand, particularly in the U.S., where locally available financial lines insurance policies do not generally comply with these new EU rules," the company said in a statement.

In 2013, the EU fully implemented the AIFMD. It requires that alternative fund managers hold capital or insurance to meet losses from professional negligence claims if they are marketing inside the EU.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...

 

From the current issue of