Money management firms can expect to hear more about money market fund insurance in the coming weeks.

The Zurich-American Insurance Group last week planned to send direct mail advertisements to money market fund managers, compliance officials and other fund executives as part of its launch of Money Market Net Asset Value Protection Policy, an insurance product designed to cover money market funds from losses due to defaults. And in the next several weeks, an ICI Mutual Insurance Company affiliate expects to launch its own money market default insurance product.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.