Apex, Mosaic and Aon combine on D&O ESG coverage

Bermuda-based investment fund service provider Apex Group Ltd., Mosaic Insurance Holdings Ltd. and Aon PLC have combined on a directors and officers liability insurance program for funds that offers lower premiums based on environmental, social and corporate governance scores.

Apex provides ESG assessments for policyholders and “improving ESG scores will result in premium benefits,” the company said in a statement.

Mosaic, which uses its insurtech platform for the Apex Protect program, provides up to $15 million in limits per risk. Additional limits are available for nonexecutive directors, pre-claim costs in the event of an inquiry or investigation, and regulatory and public relations costs for directors and officers of funds, the statement said.