Special additional limits are offered for non-executive directors in the event of exhaustion of limits, pre-claim costs in the event of an inquiry or investigation, and regulatory and public-relations costs for directors and officers of funds.
“We’re proud to partner with Apex Group on this innovative offering that showcases what a true risk-first insurtech can do in this space,” said Liam Jones, Strategic Growth Officer, Mosaic. “This is a ground-breaking approach that combines our revolutionary technology, market-leading D&O coverage, and claims services informed by ever-important ESG risk understanding that allows objective client differentiation. We’re thrilled Apex clients will be the first to benefit from this capability.”
Apex Protect includes an additional ESG limit for ESG claims brought against fund directors or officers, subject to completion of an ESG assessment delivered by Apex ESG Invest Check.
“Reducing the frictional burden and cost whilst increasing the transparency of purchasing fund-level D&O insurance is an important step towards driving innovation in this industry for clients,” said Christine Williams, Global Specialty Product Leader, Aon. “This is an exciting step in this journey, and we are thrilled to be partnering with both Apex and Mosaic to deliver this innovative solution.”
About Apex Group Ltd.
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry, including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll, and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas: the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
About Mosaic Insurance
Mosaic is a next-generation, global specialty insurer harnessing visionary leadership, exceptional underwriting talent, a focus on complex product lines, and a digitized operating model. We leverage the heritage of Lloyd’s, including the market’s financial-strength ratings: A, Excellent Outlook (AM Best); A+, Strong Outlook (Standard & Poor’s); AA-, Very Strong Outlook (Fitch Ratings).
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
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