Public Offering of Securities

POSI is designed for any company that is raising capital through the publication of a prospectus. It can provide cover for introductory offerings (IPO), secondary offerings and can also cover private placements.

The POSI policy covers to the company and its directors, officers and employees for securities claims brought against them in connection with the offering.

  • POSI protects the insureds against securities claims arising from an offering of a company's securities.
  • POSI can also cover liabilities arising from negotiations, discussions and decisions in connection with the offering.
  • Cover includes punitive and exemplary damages.
  • POSI gives companies the opportunity to ring-fence the significant and long-term exposure presented by securities offerings.
  • POSI being a transaction specific product ensures suitable coverage to the insureds and protects the existing D&O contracts.
  • Accounting rules may allow for the POSI premium to be capitalized against the offer proceeds, without being considered as a bottom line deduction from the company's profit and loss account.
  • POSI is a transaction specific product and the policy period can be customized to provide protection for upto six years.
Key Features
  • Prospectus Liability
  • Underwriter exposure from the Actual or alleged untrue or misleading statement or information from the Prospectus
  • Defence Cost
  • Controlling and Selling Shareholder Liability from the Actual or alleged untrue or misleading statement or information from the Prospectus
Key Exclusions
  • Prior Claims and Known Circumstances
  • Bodily Injury/Property damage
  • Dishonest / Fraudulent Act
  • Major shareholder exclusion.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

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