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    Catherina MacCabe

    Catherina MacCabe

    International ML Focus Group Head

    Bespoke cover for organisations undertaking a public offering of securities.

    The raising of capital typically heralds the dawn of a new period of opportunity for a business. However the process associated with a public offering of securities can be complex and prone to unexpected issues.

    To give reassurance to organisations embarking on this road we have designed bespoke cover, including costs associated with:

    • Claims made against:
      • insured individuals
      • the company
      • controlling shareholders
      • selling shareholders.
    • Underwriter indemnity
    • Follow-on offering claims
    • Regulatory and internal investigations
    • In relation to insured persons:
      • data breach
      • damage to reputation
      • full limit mitigation costs cover.
    • In relation to the company, global Dutch securities settlement advice.

    The cyber challenge

    It is all too easy to think of data breach as a single risk facing an organisation. The reality is that it constitutes a whole range of risks and the prevalence of each change over time.

    Beazley pioneered the development of data breach related insurance and, as a market leader in the field, we have helped clients handle over 5,000 data breaches since 2009. As illustrated in the following two snapshots, our experience provides a valuable insight into the challenges faced by organisations and their officers in preparing for, and dealing with, the changing nature of incidents:

    • Ransomware attacks were over four times more numerous in 2016 than in 2015.
    • Unintended disclosure, most often emails or faxes sent to the wrong recipient, represented 32% of breaches in 2016, up from 24% in 2015. Source: Beazley breach insights

    Our international management liability policies include data breach cover as standard.

    Limits

    Up to US$25m

    Target market

    A wide range of non-financial organisations can benefit from the cover.

    Territories

    Worldwide (excluding United States domiciled organisations).

    Public offering of securities team

    Underwriters

    Luisa Celentano

    Underwriting Assistant

    Luisa Celentano

    London, UK

    Tom Ielapi

    D&O Underwriter

    Tom Ielapi

    London, UK

    +44 207 674 7131

    Oliver Jones

    Underwriter - Management Liability

    Oliver Jones

    London, UK

    +44207 674 7852

    Catherina MacCabe

    International ML Focus Group Head

    Catherina MacCabe

    London, UK

    Nick McGarey

    Management Liability Underwriter

    Nick McGarey

    London, UK

    +44207 674 7769

    Claims

    Tracy Holm

    FGL Private & International D&O

    Tracy Holm

    London, UK

    +44 207 674 7294

    Public offering of securities forms

    Fact sheets

    International management liability factsheet

    Wordings / policies

    Public offering of securities wording