Close

Search Results

Sorry we couldn't find any results for you.

To find more of our people, please search using the ‘People’ option at the top.

    Loading search results

    Skip to Content
    Prospectus liability

    Management liability in Specialty lines

    Prospectus liability

    Nicholas Tey

    Nicholas Tey

    Regional Manager - Asia

    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.

    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 7,000 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$25,000,000

    Target market

    A broad range of commercial organisations can benefit from Beazley’s specialised cover.

    Territories

    Worldwide (excluding United States domiciled organisations).

    Prospectus liability 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

    Prospectus liability forms

    Fact sheets

    Beazley financial lines factsheet - Asia

    Wordings / policies

    Prospectus liability policy wording - Hong Kong
    Prospectus liability policy wording - Singapore