Blogger Archives: Paul Richards

Paul Richards

Paul is Executive Director and Co-FI Practice Leader in Willis Towers Watson's FINEX Global division. Based in London, Paul arranges and places multinational casualty placements, including financial loss and directors & officers liability coverage.

An Introduction to Insurance and the Alternative Investment Fund Managers Directive (AIFMD)

While you may have been following the progress of the Alternative Investment Fund Managers Directive (AIFMD or “the Directive”) since publication of the first draft in April 2009, we felt it both timely and important to examine this Directive further … Continue reading →

FINEX SURVEY: AIFMD Requirements Will Increase Operational Risks

A recent poll of financial institution insurers found that 65 percent believe that the Alternative Investment Fund Management Directive (AIFMD) will increase Alternative Asset Managers’ operational risks. Continue reading →

Lower Hedge Fund Return Expectations: Happy Investors, Happy Hedge Fund Insurers

pile of money

The lower return expectations and feeling among investors that, on balance, hedge funds had performed as expected or better in 2012 should be positive news for those in the insurance industry covering the professional liability risks of hedge funds. Continue reading →

AIFMD, Negligence and the Insurance Gap

Bank Vault

As we know, the Alternative Investment Fund Managers Directive (AIFMD or ‘Directive’) includes a provision that requires the Alternative Investment Fund Managers (‘AIFM’) to hold either (further) additional own funds or professional indemnity insurance (‘PII’) to cover professional liability risks. Continue reading →

What Weavering Case Means for Hedge Fund Governance

Paul Richards, Willis FINEX National, discusses implications of the Weavering ruling on Fund Directors’ Liability for hedge fund's corporate governance. Continue reading →