Head of Financial and Professional Lines
Shareholder activist protection insurance (SAPI), developed by Volante in conjunction with Marsh in the UK, is the world’s first shareholder activism insurance solution. Created to protect companies against legal and other costs when faced with shareholder attacks, it also provides an allowance for expert risk management and pre-loss services to identify potential vulnerabilities to activist campaigns. SAPI is designed for listed UK companies outside the FTSE 100.
SAPI is designed to cover the legal, PR, and other professional costs incurred during an activist campaign from receipt of the initial demand, through any proxy fight, and to the conclusion of an activist settlement, including:
The reasonable costs and expenses of investigating, mitigating, and responding to activist demands, including, legal, PR, and other professional/consulting costs, together with proxy advisory costs.
5% of annual premium can be invested into mitigation services offered by Volante’s mitigation partners.
Emergency costs and court attendance costs.
For non-public campaigns, proxy fights, emergency costs, and court attendance costs.