Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), announced the launch of Risk Capital Protector, a program designed to respond to the organizational and managerial liability exposures of venture capital and private equity firms and their managers. Risk Capital Protector insures venture capital and private equity firms in their capacity as investment advisors and general partners to investment funds, and provides coverage for lawsuits brought against fund managers by limited partners and portfolio companies. Broad organizational liability coverages—including professional services liability, general partner liability, investment advisor liability and directors and officers liability—are provided for both the organization and individual managers. Key features of the program include broad coverage for investment advisory and management and other related services provided to portfolio entities, “run-off” coverage for outside entity executives and blanket coverage for all existing funds.
Dollars: Capacity up to $25 million; retentions and premiums on an account-by-account basis.
Carrier: International Specialty Lines Insurance Company rated “A++” (superior) by A.M. Best. Non-admitted.
States Available: All states.
Contact: Jarrod Schlesinger, (212) 458-1582, jarrod.schlesinger@aig.com or Jorgen Andersson, (212) 458-1847, jorgen.andersson@aig.com
Was this article valuable?
Here are more articles you may enjoy.
State Farm to Increase Claims Workforce by 3,000 
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
Florida AG Sues Roofing Firm After Dozens of Complaints About Unfinished Work From This Issue
