Global financial services provider Apex Group has announced the launch of fund-insurance platform, Apex Protect, in partnership with specialty insurer Mosaic Insurance and Aon.
Apex Protect offers enhanced directors and officers (D&O) coverage for funds, factoring ESG credentials, provided by Apex ESG Invest Check, into the insurance risk assessment. The initiative utilises Mosaic’s insurtech platform while leveraging Aon’s expertise and substantial footprint.
David Carrick, CFO of Apex Group, commented, “We are excited to be partnering with Mosaic Insurance to offer Apex Protect, an innovative solution capable of linking ESG ratings with specialized underwriting for our clients through Mosaic’s bespoke digital platform.
“Apex Protect is a powerful proposition, combining Mosaic’s experienced underwriting team and broker partners, with Apex Group’s market-leading ESG services to help identify and reduce financial and non-financial risks across funds.”
Liam Jones, Strategic Growth Officer at Mosaic, added, “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.
“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.”
Meanwhile, Christine Williams, Global Specialty Product Leader at Aon, said, “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.
“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.”
