Key Takeaways
- • Counterpart launched its Financial Institutions Liability offering, its 11th specialty insurance program and seventh expansion since July 2025, according to a Business Wire release dated November 10, 2026.
- • The program offers primary and excess coverage with limits up to $5 million, distributed exclusively through wholesale brokers.
- • Coverage targets investment advisers, financial planners, private equity and venture capital firms, hedge funds, private funds and financial consultants.
- • Product lines include D&O, professional liability, private fund liability, private equity liability, EPLI and fiduciary liability, with standalone or packaged options.
- • The offering is led by Sean Gleason, Director of Financial Institutions, who has more than 15 years of management and professional liability underwriting experience.
Summary
Counterpart, which describes itself as the first Agentic Insurance platform for management and professional liability, announced the launch of its Financial Institutions Liability offering. The company said the program is its 11th specialty insurance program and its seventh expansion since July 2025. It is built on Counterpart's Agentic Insurance platform and is aimed at small and midsize financial services firms.
The offering covers claims arising from management decisions, professional services and fiduciary responsibilities. It targets investment advisers, financial planners, private equity and venture capital firms, hedge funds, private funds and financial consultants. Coverage is available exclusively through wholesale brokers, with primary and excess limits up to $5 million. Policies can be written on blended or private equity-specific forms, and D&O, EPLI and fiduciary liability can be purchased standalone or packaged.
The product set includes enhanced executive protection options covering derivative demand investigation costs, inquiry costs, crisis costs, freedom costs, public relations expenses and asset protection costs. Counterpart also offers affirmative professional liability coverage for AI-enabled services and technology-based products, available by endorsement, along with endorsements addressing books and records, certain lending activities and real estate activities.
Tobias Schuler, Chief Underwriting Officer, said the company's technology allows underwriters to spend less time on process and more on judgment, enabling coverage for an underserved market segment. Sean Gleason, Director of Financial Institutions, said firms with differing risk profiles require tailored coverage and that the company can combine management and professional liability protections into a single policy. Counterpart said its specialty products are backed by five A-rated insurance and reinsurance carriers. The offering is subject to underwriting guidelines and state availability.
The offering covers claims arising from management decisions, professional services and fiduciary responsibilities. It targets investment advisers, financial planners, private equity and venture capital firms, hedge funds, private funds and financial consultants. Coverage is available exclusively through wholesale brokers, with primary and excess limits up to $5 million. Policies can be written on blended or private equity-specific forms, and D&O, EPLI and fiduciary liability can be purchased standalone or packaged.
The product set includes enhanced executive protection options covering derivative demand investigation costs, inquiry costs, crisis costs, freedom costs, public relations expenses and asset protection costs. Counterpart also offers affirmative professional liability coverage for AI-enabled services and technology-based products, available by endorsement, along with endorsements addressing books and records, certain lending activities and real estate activities.
Tobias Schuler, Chief Underwriting Officer, said the company's technology allows underwriters to spend less time on process and more on judgment, enabling coverage for an underserved market segment. Sean Gleason, Director of Financial Institutions, said firms with differing risk profiles require tailored coverage and that the company can combine management and professional liability protections into a single policy. Counterpart said its specialty products are backed by five A-rated insurance and reinsurance carriers. The offering is subject to underwriting guidelines and state availability.
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