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Financial Line

BUSINESSES WE CAN COVER

All types of commercial businesses.

Directors & Officers Liability

Risk Managers’ increasing awareness of their management liabilities. Administrators, managers and directors of any company, regardless of its size or activities, carry significant responsibilities in relation to the way they conduct themselves and justify the trust placed in them. This may result in claims against them for actual or alleged breach of duty, neglect, misstatements, errors and omissions.

WHAT IS COVERED?

Reimburses the Company, its directors or officers for the loss resulting from any claim alleging a wrongful act.

BUSINESSES WE CAN COVER

Industries that will benefit from Cyber Security Insurance include all commercial entities and financial institutions.

Cyber Security

Addresses the liability of companies arising from data protection laws, the management of personal data and the consequences of losing corporate information.

WHAT IS COVERED?

  • Personal Data Liability – Breach of personal information/data protection laws
  • Corporate Data Liability – Breach of corporate information
  • Outsourcing Liability – Breach of personal or corporate information by an external vendor where the company remains legally liable
  • Data Security Liability
  • Defence Costs

BUSINESSES WE CAN COVER

Businesses involved in corporate acquisitions or disposals seeking protection from financial loss resulting from inaccuracies in warranties and indemnities given by a seller as part of a transaction.

Warranty & Indemnity (M&A)

Protection for both buyers and sellers in a transaction with coverage for breaches of representations and warranties given as part of the sale of business.

WHAT IS COVERED?

  • Work back-to-back with the recourse and risk allocation agreed between the buyer and seller in the acquisition agreement;
  • Mirror the minimum claim provisions (de minimis and retention thresholds) and other limitation language in the acquisition agreement;
  • Match the warranty survival period under the acquisition agreement (including any extended period for tax) – extendable if required; and
  • Cover first and third party claims and associated defence costs. Cover on a buyer-side policy will also respond to fraud by the seller.

BUSINESSES WE CAN COVER

Companies seeking a listing in Bursa Malaysia.

Public Offering Of Securities (POSI)

Public Offering of Securities Insurance (POSI) insures companies (and their directors and officers) against litigation arising from a company’s capital raising (for example shareholder claims and regulatory investigations brought in connection with the raising). The policy can cover equity or debt issues, both initial raisings and secondary offerings.

WHAT IS COVERED?

  • Non-rescindable policy for individuals (unless fraud)  Defence costs, damages (including punitive and exemplary damages), settlements and civil or criminal fines and penalties (if insurable at law) for “Prospectus Claims”
  • Cover for the Directors and officers for Prospectus Claims
  • Cover for the Issuing Company for Prospectus Claims
  • Cover for the Underwriter of the raising (for warranties assumed under the underwriting or replacement agreement)
  • Cover for Controlling Shareholders for Prospectus Claims
  • Cover for Selling Shareholders for Prospectus Claims  No Major Shareholder
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