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Public Offering of Securities

Directors have personal liability for the contents of a prospectus, and can be held liable for losses incurred by shareholders for any false or misleading statements.

At JLT, our specialist team works with you, your lawyers and other advisers to develop a strong risk profile and broking strategy - tailored to ensure the Directors' & Officers' Liability (D&O) and Public Offering of Securities Insurance (POSI) cover works together.

We can arrange standalone policies to limit the exposure for any public offerings, and extend cover to include all parties involved in the prospectus - directors and officers, selling shareholders, the underwriters and the company itself.

JLT experts with the greatest knowledge of your business represent your interests in the market, and negotiate directly with underwriters to achieve the optimal broking result at a competitive cost. Furthermore, all technical support, claims handling and documentation are handled centrally from one location.

Some of our achievements include:

  • arranging both POSI and D&O to cover exposures by the first Ukrainian company to list on the main London Stock Exchange
  • effecting cover for a German memory chip manufacturer looking to raise $1bn - in one of 2006's biggest listings on the New York Stock Exchange
  • a policy for the first Indian company with a primary listing on the LSE, and a very successful IPO, that had to respond to a 20million increase in demand from new shareholders
  • coverage for the world's largest privately-owned shipper listed on the Oslo Stock Exchange, which was 2.3 x subscribed and allocated to a mix of global institutional investors.

 

JLT Contact Details

Michael Lea

Head of Financial & Professional
Jardine Lloyd Thompson Limited
6 Crutched Friars
London, EC3N 2PH
[T]: 020 7558 3686

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