Stage 1: Insurance Health Check
Assess and Prioritise
A forensic review of the programme, disclosure, broker arrangements and placement process, producing a RAG-rated report and prioritised action plan.
Private Capital Insurance Support
Private Capital Insurance Support
Mactavish independently reviews the insurance protecting the management company and wider firm, identifies material weaknesses and converts the findings into a prioritised improvement plan.
Through Expert Insurance Management, we can then oversee risk presentation, disclosure, policy wording, broker activity, market competition and final documentation.
Independent client-side support, built around the policyholder rather than the insurance market.
Private
Capital
Firm
GP
Management Company
Funds
Partners & Directors
Portfolio Board Roles
Is the Insurance Protecting Your Firm Fit for Purpose?
Private Capital firms can face exposures across the management company, funds, partners, directors and portfolio board appointments. Standard insurance programmes do not always reflect the way these entities interact, where responsibilities sit or how a loss could move between them.
A claim can expose gaps between the firm's own policies and the cover held by a portfolio company, while a high-profile dispute can create personal, financial and reputational consequences. Mactavish gives you an independent view of whether the programme matches the real risk and what needs to change.
From Diagnosis to Managed Improvement
The proposition follows a clear two-stage journey: first establish whether the existing programme is reliable, then manage the work required to improve it.
Stage 2: Expert Insurance Management
Improve and Manage
Ongoing client-side management of risk presentation, wording, disclosure, broker activity, market competition, renewal decisions and final documentation.
The Health Check can be commissioned as a standalone review. Where ongoing support is required, its findings become the starting point for Expert Insurance Management.
Stage 1
Private Capital Insurance Health Check
The Mactavish Health Check is a forensic audit of the programme protecting the firm. It begins with an understanding of the structure, activities, governance and insurable risks, then tests whether the policies, disclosure process and broker arrangements are reliable in practice.
What the Review Covers
Policy coverage
Identify material limitations and assess whether cover reflects the firm's entities, activities, roles and current risk profile.
Conditions and compliance
Review conditions that may be unreasonable, difficult to meet or capable of affecting cover if breached.
Statutory Duties
Assess the quality and completeness of information provided to insurers against legal obligations and good practice.
Mid-term disclosure
Identify requirements to notify insurers of changes in structure, activities, people, controls or risk during the policy period.
Claims and notification
Test whether claim and circumstance-notification requirements are understood, owned and achievable in practice.
Renewal expectations
Highlight likely coverage, capacity or pricing issues and identify steps that can reduce avoidable pressure at renewal.
Broker contract
Review the agreed services, responsibilities, limitations and liability position in the broker engagement.
Placement and broking history
Assess historic placement strategy, market engagement, servicing and standards of execution.
How the Health Check Works
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Document provision
You provide the relevant policies, renewal, disclosure, claims and broker documentation.
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Kick-off and risk interview
Mactavish speaks with key stakeholders to understand the firm, its structure, risk profile, controls and current insurance arrangements.
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Mactavish analysis
The team reviews the programme, policy wording, placement process, disclosure position, claims procedures and broker arrangements.
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RAG-rated findings report
You receive a clear report identifying red-flag issues, other material concerns and recommended actions.
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Feedback and action planning
Mactavish explains the findings, agrees the practical priorities and sets out the route to improvement.
What You Receive
Executive summary
A clear view of the programme's overall reliability and the most important decisions.
RAG-rated findings
Red, amber and green prioritisation so material concerns are visible immediately.
Technical analysis
Evidence and explanation across coverage, conditions, disclosure, claims, placement and broker arrangements.
Prioritised action plan
Practical steps for management, the broker and the next renewal.
Defined ownership
Clarity on who needs to act and what information or decisions are required.
Specialist feedback session
A working session to test the findings and agree the next steps.
Stage 2
Expert Insurance Management
The Health Check establishes what needs to change. Expert Insurance Management manages the work required to deliver it.
Mactavish acts as the client-side insurance buyer, defining the standard the programme must meet, coordinating the placement process and challenging brokers and insurers where necessary. The result is a controlled renewal process, clearer decisions and final documentation checked against the negotiated position.
Define What the Programme Needs to Achieve
Risk profiling
Interviews with senior management establish the firm's risk profile, controls, structure and priorities.
Risk prospectus
The findings are converted into a clear, evidence-led presentation for the insurance market.
Wording specification
Priority legal and coverage requirements are defined before tender so minimum standards are clear.
Manage the Broker and Insurance Market
Broker management
Coordinate broker activity, information requests, timetable and insurer engagement, reducing the burden on the internal team.
Competitive written-lines tender
Where appropriate, ask competing brokers to produce insurer-backed proposals, creating direct competition on price, cover and wording.
Quote comparison and recommendation
Assess the technical and commercial position and present decisions in time for management to act before renewal.
Protect the Final Insurance Contract
Disclosure management
Improve the disclosure process, support proposal forms and review the complete information set before it is shared with insurers.
Policy-document checks
Confirm that the issued contracts reflect the negotiated terms and identify discrepancies before they create a problem.
Annual checks and audit
Monitor year-on-year changes, outstanding actions and the continuing suitability of the programme.
Full Visibility and an Auditable Insurance Record
The Mactavish Portal supports the Health Check and Expert Insurance Management process by bringing the programme documents, project status, decisions and audit trail into one broker-independent environment.
What the team can see
Current policies and wordings
The latest insurance contracts and relevant schedules in one controlled location.
Disclosure and renewal documents
Proposal forms, market presentations, supporting information and insurer communications.
Milestones and status
Renewal timetable, progress, dependencies and upcoming decisions.
Actions and ownership
Outstanding tasks, responsible parties, priorities and completion status.
Quote and recommendation record
A clear evidence trail showing the options considered and the basis for decisions.
Final contracts and annual changes
Issued documents, identified discrepancies and the year-on-year development of the programme.
What Changes for the Private Capital Firm
Less senior management time
A specialist team manages the detail and keeps the internal decision-makers focused on the issues that need their input.
Clearer view of gaps and priorities
Material weaknesses are visible, evidenced and translated into an owned improvement plan.
Stronger disclosure and policy wording
The risk is presented more accurately and the contract is tested against defined requirements.
More controlled market decisions
Broker and insurer options are compared through a structured client-side process.
Accurate final documentation
Issued policies are checked against the position negotiated during the renewal.
A usable audit trail
The firm retains a clear record of documents, decisions, actions and year-on-year changes.
Why Mactavish?
Independent of insurer remuneration
Mactavish is not a broker and receives no commissions or fees from insurers. It works for the policyholder.
Legal, technical and commercial expertise
Insurance law, policy wording, risk analysis, placement and claims experience are combined in one client-side team.
Built around Private Capital structures
The review considers the management company, funds, individuals and the relationship with portfolio-company cover.
Implementation, not just diagnosis
Mactavish can move from identifying weaknesses to managing the renewal and checking the final contract.
Client Evidence
Hear from a Private Capital Client
Sheenagh Egan, COO at Livingbridge, shares her experience of working with Mactavish.
Watch the Livingbridge client story
Test the Programme. Fix the Gaps. Take Control of Renewal.
Speak to James O'Connor, Commercial Director, about the insurance protecting the Private Capital firm, an upcoming renewal or a Private Capital Insurance Health Check.
Speak to Mactavish
Discuss Your Private Capital Insurance Requirements
Tell us about the insurance arrangements protecting your management company or wider Private Capital firm. A member of the Mactavish team will contact you to discuss the appropriate next step.
James O’Connor
Commercial Director
jamesoconnor@mactavishgroup.com
