San Francisco, Chicago and New York - Nov. 18, 2013 - Equity Risk Partners, the only full service insurance brokerage, risk management consulting, and employee benefits advisory firm focused exclusively on the needs of private equity firms and their portfolio companies, and Sharebridge Private Equity Consolidated, the only specialty insurance intermediary and program manager providing exclusive risk management solutions for private equity firms, alternative asset managers and their portfolio companies, announced today an industry leading partnership for their Executive Liability businesses.
The Executive Liability partnership encompasses the Directors' and Officers' Liability, General Partnership Liability and other related coverages and combines the strength of the two organizations' exclusive focus on the private equity and alternative asset arena.
The combined businesses serve more than 100 private equity firms, in excess of 900 portfolio companies, and manage more than $200 million in premiums, making them the leading advisor of Executive Liability related insurance for private equity sponsors and portfolio companies of any independent broker or agent.
The Sharebridge team is led by Executive Vice President, Jonathan Legge. Prior to joining Sharebridge, Mr. Legge was a Managing Director at Marsh Inc., leading the firm's Private Equity and M&A Services (FINPRO) Placement Group. Mr. Legge was responsible for developing M&A insurance solutions and General Partnership Liability and D&O portfolio programs.
Sharebridge was created by President and CEO Philip Moyles. Prior to founding Sharebridge, Mr. Moyles was Executive Vice President and CEO of the Americas for Marsh Inc. During a 20-year career at Marsh, he was Head of Global Products and Services, had responsibility for the managing general underwriting platform of the firm, led the company's distribution efforts and built the company's Private Equity and M&A Services business.
"Our partnership with Sharebridge further enhances our already market leading capabilities," said Michael Marcon, CEO, Equity Risk Partners. "This combination underscores our commitment to providing our clients with access to the best resources and subject matter experts in our continuing drive to redefine the role of the insurance broker in private equity transactions from selling to advising and from silos to services."
"Equity Risk Partners has set the standard in the insurance industry for retail brokerage by building its entire business model around the delivery of products and services to private equity," said Mr. Legge. "Sharebridge is thrilled to contribute our unparalleled Executive Liability expertise to the Equity Risk arsenal. It is the perfect combination."
For more information, please contact your Equity Risk Partners or Sharebridge professional or:
Michael Marcon, firstname.lastname@example.org, (415) 874-7101
Jonathan Legge, email@example.com, (646) 572-9360
Phil Moyles, firstname.lastname@example.org, (646) 572-9366