Scandals make premiums soar
Wed Oct 1, 2003
Recent hedge fund scandals, poor performance and the general
malaise of the insurance market have sent premiums for
liability insurance and other types of cover required by hedge
funds skyrocketing. Such is the negative view of hedge funds
that many insurers simply won't touch the risk anymore.
Those insurers that are still willing to underwrite hedge
fund risk are also dramatically cutting back the types of cover
they offer and are pushing up the premiums. Even service
providers are seeing their premiums spiral upwards simply
ISSN: 2151-1845 / CDC10004H
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