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    Directors & Officers for financial institutions

    Financial institutions in Specialty lines

    Directors & Officers for financial institutions

    Nicholas Tey

    Nicholas Tey

    Regional Manager - Asia

    Clear and comprehensive cover to protect directors, officers and their employing financial institution.

    Corporate governance reforms carried out across the world in recent years have added significantly to the responsibilities of executive and non-executive directors of companies. The legal landscape senior corporate individuals must navigate is therefore increasingly fraught with twists and turns.

    They understandably look for robust insurance cover to protect them in the execution of their responsibilities. Beazley has designed clear insurance to give directors and officers confidence that they have comprehensive protection against claims arising from actions taken in their corporate roles.

    Protection for directors and officers, as well as other individuals, including coverage for:

    • Regulatory and internal investigations
    • Data breach
    • Environmental claims
    • Health and safety claims
    • Insolvency hearings
    • Extradition
    • Damage to reputation
    • Freezing of assets and disqualification
    • Full limit mitigation costs cover
    • Automatic reinstatement of limit for non-indemnifiable loss

    Protection for the company, including costs relating to:

    • Payments made to indemnify individuals
    • Securities claims
    • Regulatory and internal investigations
    • Books and records demands
    • Derivative demands

    Limits

    Up to US$25,000,000

    Target market

    A broad range of financial institutions can benefit from Beazley’s specialised cover, including:

    • Banks
    • Investment managers
    • Insurance and reinsurance companies
    • Stockbrokers
    • Stock exchanges
    • Clearing houses
    • Regulated marketplace lenders.

    Territories

    Worldwide (excluding United States domiciled organisations).

    Directors & Officers for financial institutions team

    Underwriters

    Clara Han

    Underwriter

    Clara Han

    Singapore

    Gordon Lam

    Underwriting Manager

    Gordon Lam

    Singapore

    +65 6576 6287

    Teck Siong Ng

    Underwriter

    Teck Siong Ng

    Singapore

    Nicholas Tey

    Regional Manager - Asia

    Nicholas Tey

    Singapore

    Audrey Wong

    Underwriting Assistant

    Audrey Wong

    Singapore

    Directors & Officers for financial institutions Forms

    Fact sheets

    Beazley financial lines factsheet - Asia

    Wordings / policies

    Directors & Officers for financial institutions policy wording - Hong Kong
    Directors & Officers for financial institutions policy wording - Singapore