The insurance policies were obtained from Aon Reed Stenhouse
League Assets Corporation has purchased Executive Liability and Employee Fidelity insurance coverage – reported in au.sys-con.com. According to the company, the step is to safeguard the capital of its investors and protect them against acts of internal malfeasance.
The insurance policies were obtained from Aon Reed Stenhouse, a provider of insurance coverage. It has some 37,000 professionals worldwide and provides insurance and human resources consulting services.
Emanuel Arruda, founding partner of League Assets, said: “League manages more than $300 million worth of private real estate investments on behalf of its 1,700-plus Member-Partners, its term for private investors. We acquired this coverage not because we had to do it, but because it was the right thing to do. We’re all aware of recent cases where certain investment managers have carried out fraud on a massive scale, and have hurt a lot of people in the process.
Our insurance will protect our Member-Partners against the possibility of fraud carried out by employees or by parties associated with League. While we have the greatest faith in our employees, these plans will provide our investors with an additional layer of comfort, he added.