Lloyd’s syndicate, Marsh partner on UK shareholder activist coverage

Volante Lloyd’s Syndicate 1699, managed by Asta Managing Agency Ltd., said Wednesday it has partnered with Marsh LLC to develop a coverage for listed companies in the United Kingdom facing shareholder activist activity.

Available to companies operating across all sectors with a market capitalization of between $5 million and $10 billion, the Shareholder Activist Protection Insurance will provide limits of between $1 million and $6 million.

The policy will cover the costs a company incurs to defend against a shareholder activist campaign, including fees related to the appointment of legal, consulting and communications specialists, and any proxy costs.

Rollout in the European Union is planned for the second quarter.  

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.