Market Conditions 2018: Asset Manager Management & Professional Liability
After almost nine years into the bull market, the stock market continued to reach record highs throughout 2017. The market for asset manager management and professional liability insurance has been on its own run the last 4 years; we’ve seen the market soften each year. That’s good news across the board from a management and professional liability standpoint. With the stock market continuing to rally, many of our asset manager clients have been doing well from a performance standpoint. When investors are making money, they are less inclined to bring lawsuits against their advisors, resulting in fewer claims.