Beazley, the specialist insurer, has announced the launch of a new private equity liability insurance product.
The insurer stated that the tailored product is designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by private equity firms.
Across the full lifecycle of investments, private equity firms and their directors face a host of challenging boardroom risks.
Beazley noted that its new private equity liability product covers the lifecycle of portfolios, from the purchase of an asset through to the exit strategy.
Moreover, the policy includes transparent pricing, automatic renewal clauses and reduced administration to enable private equity directors to focus on their growth ambitions.
“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,” stated Emma Pereira, Product Leader – International Management Liability at Beazley.
Beazley’s new product is available via the London Market and worldwide (excluding US domiciled businesses).
In early January, it was reported that Beazley had sponsored a ground-breaking cyber catastrophe bond transaction, designed to cover remote probability catastrophic and systemic cyber events, with the potential for more deals later in 2023 and beyond.