Beazley launches new specialist D&O cover for private equity firms
Specialist insurer Beazley has launched a new private equity liability insurance product designed to focus on the inherent D&O risks within the long-term lifecycle of portfolios held by private equity firms.
The tailored product covers the lifecycle of portfolios – from the purchase of an asset through to the exit strategy. Across the full lifecycle of investments, private equity firms and their directors face a host of challenging boardroom risks.
Beazley highlighted that the policy includes transparent pricing, automatic renewal clauses and reduced administration to enable private equity directors to focus on their growth ambitions.
The new product is available via the London Market and worldwide (excluding US domiciled businesses).
The insurer believes its new product launch enables it to cater for the entire spectrum of insurance needs in the private equity sector, with its complementary cyber, mergers & acquisitions (M&A) and SME D&O cover for portfolio firms. Post exit, it can offer D&O cover for publicly traded companies through its international management liability team.
Emma Pereira, product leader – international management liability at Beazley, said: “Private equity firms and their directors require specialist D&O cover, and this product brings a unique approach to the sector. Our market-leading D&O policies bring confidence and peace of mind – and with this product we can provide our private equity customers with a leading D&O risk mitigation solution.”
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