Public Offerings of Securities

Aimed to organisations embarking on becoming public or increasing/decreasing capital.

Up to € 50M available in Primary and excess.

Our POSI insurance (Public Offering of Securities Insurance) protects companies and their executive bodies in capital market transactions – such as going public or bond issues – against liability risks arising from incorrect or incomplete information in the securities prospectus. It covers defence costs and claims for damages from investors.

• Prospectus liability: Claims due to alleged misstatements or omissions in the offering documents.
• Roadshow risks: Liability from presentations or communications made during the offering process.
• Underwriter agreements: Coverage for contractual liabilities to underwriters and selling shareholders.
• Defence costs: Legal expenses for defending against securities claims.

Cover includes costs associated with claims against: 

• insured individuals
• the company
• controlling shareholders
• selling shareholders
• underwriter indemnity