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Management Liability

The Management Liability team writes UK & International business on a direct, facultative reinsurance and co-insurance basis. Capacity is £15m/USD25m for each class and premium income is £20m.

Scope of Cover

• Directors and Officers liability
• Pensions Trustees liability
• Commercial Crime
• Prospectus liability
• FIPI – Private Equity only
• Legal Expenses Insurance

Commercial Crime
Commercial Crime provides protection against theft of a company’s money, securities, funds or property by an employee or by a third party. The policy also protects the company theft of their client’s money, securities or property for which the company is liable. With the average cost of fraud costing 6% of revenues, this is an undersold insurance. This policy is true cash flow protection.

Preferred Business

The management liability team has a broad target range, encompassing SME’s, large private and all listed companies including start ups (not financial institutions) and management buy-outs. The team also specialises in funds and private equity companies.

Policy

Cover is provided on either primary, excess of loss or on direct or facultative reinsurance basis.

Bespoke wordings are available for Investment Trusts & Funds, Insurance Brokers, Private Equity D&O / PI and D&O for Portfolio companies.

For large US traded companies, only excess of loss will be considered.