Apex Group, Mosaic, Aon launch ESG-focused D&O insurance platform

Global financial services provider Apex Group Ltd, has today announced the launch of Apex Protect, in partnership with specialty insurer Mosaic Insurance and Aon PLC.

Related topics:  D&O Insurance,  ESG
Protection Reporter
10th January 2023
D&O Insurance
"We’re thrilled Apex clients will be the first to benefit from this capability."
- Liam Jones, Mosaic strategic growth officer

Apex Protect offers pioneering and enhanced directors and officers (D&O) coverage with extensive mitigation and investigation protection, factoring ESG credentials into the insurance risk assessment.

This initiative utilises Mosaic’s award-winning insurtech platform, as well as Aon’s expertise and footprint, to provide real-time price indications on a 24/7 basis.

Key advantages include significantly quicker turnaround times, instant pricing discovery for D&O insurance for new or existing funds, as well as exclusive policy wording, and increased pricing leverage.

Additional limits are also 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.

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, a market-leading, fund-specific solution.  

Commenting on the launch, David Carrick, Apex Group chief financial officer, has said:

“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, Mosaic strategic growth officer, has said:

“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.”

Christine Williams, Aon global specialty product leader, added:  

“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.”

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