The Rising Threat of Social Engineering

From the 2015 PLUS Webinar “What’s Next on the Alternative Asset Manager Risk Horizon?,” panelists Neil Lipuma (Hiscox) and Machua Millett (Marsh) discuss social engineering and how that growing risk impacts both cyber and fidelty/crime coverage.

PLUS members can view this entire Conference session in the PLUS Multimedia Library.

Also from the webinar, moderator Elan Kandel (Cozen O’Connor) responds to a question from the audience…

Q: If the family office has an RIA experienced with private placements, is there a decreased risk for those family offices that make side by side investments with private equity firms?

A: Family offices typically qualify for the SEC’s Family Office Rule exemption and are not usually RIAs. With that being said, a proven track record should equate to a better risk. In the scenario of family offices making side by side investments with private equity firms, we should determine if they are passive investors or direct investors. Direct investors will bring risks more akin to PE and we should  inquire as to whether or not board seats are taken by family offices and if sufficient underlying D&O insurance is maintained. Passive investing will likely bring less exposure.  

Is Private/Non-Profit D&O Coverage Under Priced?

From the 2015 PLUS D&O Symposium session “Who Me? I Didn’t Do Anything…Wrong,” moderator Jeff Lattmann (Beecher Carlson) and panelists Liz Olsson, RPLU (Wells Fargo Insurance) and Shelley Norman (AIG) discuss the differences in premium increases between private and non-profit D&O clients.

PLUS members can view this entire Conference session in the PLUS Multimedia Library.

An Inside Look at a Cyber Heist

A fascinating look inside a cyber crime from “Fidelity & Crime Coverages: Keeping Up with the Cyber Exposures & Trends?”… Christopher De MunBrun of the U.S. Secret Service, Marc Rindner, Esq. of Wiley Rein and Bill Jennings of Beazley Insurance Group analyze the FIS Case, the evolution of the cyber criminal and coverage considerations for such crimes

PLUS is known for this type of in-depth, industry-leading educational content, and your next opportunity to experience it for yourself is at the 2014 D&O Symposium, January 28 and 29 in New York City. Registration is still available, so don’t miss it – register today!

PLUS members can view this entire session, and many more from past PLUS Conferences and Symposia, in the PLUS Multimedia Library