Consilium is a specialty re/insurance broker that has launched specialized policies across its specialty and execution risk divisions to meet the needs of private equity firms.
The policy is designed specifically for private equity and its wording was developed in conjunction with in-house legal counsel to address the complex risks faced by the company and its portfolio.
It covers areas such as regulatory oversight, board representation and investor requirements, and is designed to provide clarity and practical applicability to claims situations.
The policy has no restrictions on investment strategy, coverage amount or geography, and is suitable for both small start-ups and large established companies. Like other professional and execution risk products, it is available globally. Consilium currently has specialist teams in London, Guernsey and the Cayman Islands, with plans to expand to other financial centres.
Backed by Lloyd’s A-rated underwriting capabilities, the policy covers a range of areas including professional liability, crime and directors and officers liability (D&O) of managers and funds. It also extends to private equity transactions, portfolio company D&O and cyber insurance, providing broad protection under a single solution.
Dominic Pilgrim, partner in professional and executive risk solutions at Consilium, added: “The market requires tailored wording and broader coverage to address existing and emerging risk and regulatory challenges so that private equity managers can act decisively without fear of personal or professional risk.
“The world of private equity is dynamic; it certainly does not lend itself to ‘one size fits all’ investment management solutions. This is where we shine – as a business that is differentiated in both interest and service levels, delivered by a team of experts who truly understand the language of our clients and their activities.”
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