{"id":10647,"date":"2009-05-22T00:00:00","date_gmt":"2009-05-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-insurance-costs-rise-as-lehman-madoff-spur-scrutiny","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/hedge-fund-insurance-costs-rise-as-lehman-madoff-spur-scrutiny.html","title":{"rendered":"Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny"},"content":{"rendered":"<p>Bloomberg &#8211; The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.&rsquo;s bankruptcy and Bernard Madoff&rsquo;s Ponzi scheme increased the threat of lawsuits.             <\/p>\n<p>A fund manager with $200 million of assets running a &ldquo;straightforward&rdquo; strategy is typically paying as much as $60,000 a year for $5 million of coverage, up from $50,000 at the end 2008, said Brian Horwell, director of professional risks at London-based Miller Insurance Services Ltd.    <\/p>\n<p>&ldquo;We&rsquo;ve had Lehman Brothers, Madoff and the financial downturn, all of which are hitting claims,&rdquo; said Paul Towler, head of financial and professional insurance at Jardine Lloyd Thompson Group Plc in London. &ldquo;There&rsquo;s a lot of worry and concern about what other claims are still to come out.&rdquo;     <\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=a.mAziH67xTI&#038;refer=home\" target=\"_blank\" title=\" Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.&rsquo;s bankruptcy and Bernard Madoff&rsquo;s Ponzi scheme increased the threat of lawsuits. A fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[411,4331,1848,12073,11708,12068,12066,12067,3296,4718,96,1517,12069,12074,4248,12071,12070,11183,4976,12072],"class_list":["post-10647","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-5-million","tag-bernard-madoff","tag-downturn","tag-group-plc","tag-hedge-funds","tag-insurance-services-ltd","tag-jardine-lloyd-thompson","tag-jardine-lloyd-thompson-group","tag-lawsuits","tag-lehman-brothers","tag-lehman-brothers-holdings","tag-lehman-brothers-holdings-inc","tag-miller-insurance","tag-negligence","tag-ponzi-scheme","tag-professional-insurance","tag-professional-risks","tag-rsquo","tag-six-months","tag-towler"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10647"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10647\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}