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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

    Claims

    Tracy Holm

    Specialty Lines International Claims Team Leader

    Tracy Holm

    London, UK

    +44 207 674 7294

    Kieran Patel

    Claims Manager Specialty Lines

    Kieran Patel

    London, UK

    +442076747045

    Underwriters

    Tom Ielapi

    D&O Underwriter

    Tom Ielapi

    London, UK

    +44 207 674 7131

    Steve Jennings

    Underwriting Assistant

    Steve Jennings

    London, UK

    Catherina MacCabe

    International ML Focus Group Head

    Catherina MacCabe

    London, UK

    Emma Pereira

    Underwriter - International Management Liability

    Emma Pereira

    London, UK

    +442076747159

    Carl Puttock

    Underwriter - Management Liability

    Carl Puttock

    London, UK

    +44 (0)20 7674 7791

    Willa Sedgwick Rough

    Underwriting Assistant - Specialty Lines International

    Willa Sedgwick Rough

    London, UK

    Public offering of securities forms

    Brochures

    International management liability factsheet

    Wordings / policies

    Public offering of securities wording