Beazley has launched a new private equity liability insurance product for D&O risks inherent to the portfolios held by private equity firms.
According to the specialist insurer, private equity firms and their directors face many challenging boardroom risks across the lifecycle of investments. The new private equity liability product will cover the entire lifecycle of portfolios – from the purchase of an asset to the exit strategy.
The policy includes transparent pricing, automatic renewal clauses and reduced administration to enable private equity directors to focus on their growth ambitions, Beazley added.
The new product is available via the London market and worldwide, excluding US-domiciled businesses.
“Private equity firms and their directors require specialist D&O cover, and this product brings a unique approach to the sector,” said Emma Pereira, product leader – international management liability at Beazley. “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.”
Beazley carries a suite of insurance products to meet the needs in the private equity sector, including complementary cyber, mergers and acquisitions 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.