Public Offering of Securities Insurance
Product under construction but we can consider on an excess layer basis.
Kayzen’s POSI policy covers any public offerings, including initial public offerings (IPO’s), and debt or equity rights.
The policy is designed to protect not only the directors, but will also cover the company itself, controlling or selling shareholders, and can also be extended to cover nominated advisers to the finance raising.
POSI often sits alongside a company’s existing D&O Policy, albeit the primary intention is to allow the D&O contract to cover ongoing business risks whilst the POSI contract will support any allegation relating to the offering. In effect, the POSI contract allows the company to ring-fence the exposures specific to the finance raising.
The policy is specific to the offering, and given the longer tail liabilities attached to such offerings, the contract tends to be offered for a six-year period.
The cover is provided on a Limit of Indemnity basis, meaning the proposer should consider the limits purchased, ensuring they secure a limit that meets their needs.
The cover is written on a ‘claims made’ basis and will apply only to claims notified during the contractual period.
The cover responds to allegations of ‘wrongful act’, which covers the myriad of duties that decision-makers carry out on a day-to-day basis.<br>Please speak to our team should you have any queries.
Why Kayzen
Independent
We are not broker owned and therefore not aligned to your competition.
Unified commitment
Fully aligned with our capacity provider and sharing common ownership ensures we are committed to the same goals: stability, profitability, sustainability.
5-year capacity
Commitment from our A- Rated capacity provider ensures long-term stability for a long tail class of business.
Claims excellence
Our experienced Head of Claims manages the entire claims process in-house, elevating Kayzen's service above those relying heavily on outsourcing. This guarantees consistent access to our trusted team throughout the entire contract lifecycle, from the quote/bind stage and beyond.
Transparent coverage
Policy wordings that are clear, concise and transparent. We prioritise your understanding, ensuring you make informed decisions with confidence.
Broker centric
Brokers have their own processes and ways of working. At Kayzen, we operate flexibly dependent on broker requirements.
We listen, analyse and learn. Always adapting. Always evolving. Continuously improving. Kayzen