Re/insurance broker Consilium has launched a multi-line policy for private equity firms offering cover for professional liability, crime and D&O exposures. Consilium said its professional and executive risks division had designed the policy in collaboration with its in-house legal counsel to address the complex exposures faced by private equity firms.

The product places no restriction on the type of investment strategy, amount of cover, or geography and Consilium said this made it appropriate for private equity firms ranging from small start-ups to established investment houses. It is backed by A rated Lloyd’s capacity.

Dominic Pilgrim, partner, professional and executive risk solutions at Consilium, said: “The market needs tailored wordings and broader coverage that responds to existing and emerging risks and regulatory challenges, so that private equity managers can act decisively without fear of personal or professional exposure.

“The world of private equity is dynamic; it certainly doesn’t fit into a ‘one-size-fits-all’ investment management solution. This is where we shine – as a business differentiated by both appetite and service levels, delivered by an expert team that truly understands the language of our clients and their activities.”