Apex, Mosaic and Aon join forces on D&O solution 11 January 2023Bermuda Reporter: Lucy Carter
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Apex has partnered with specialty insurer Mosaic Insurance (Mosaic) and Aon to launch Apex Project, a new platform offering directors and officers (D&O) coverage to funds.
The product incorporates Apex ESG Invest Check’s ESG assessments, Mosaic’s insurtech platform and Aon’s industry knowledge to provide insurance risk assessments with real-time price indications.
Apex Project’s D&O coverage provides mitigation and investigation protection, with new and existing firms able to receive instant pricing discovery for D&O insurance.
The platform will increase the speed and efficiency of clients’ operations, the companies say, with other benefits resulting from improved ESG scores and increased pricing leverage.
David Carrick, chief financial officer at Apex, says: “We are excited to be partnering with Mosaic Insurance to offer Apex Protect, an innovative solution capable of linking ESG ratings with specialised underwriting for our clients through Mosaic’s bespoke digital platform.”
Christine Williams, global specialty product leader at Aon, adds: “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.”
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