Specialist underwriting agency Dual Corporate Risks has launched new standalone product for public offering of securities insurance (POSI).
Dual’s new line covers directors, officers and other assureds from claims arising out of any listing documentation relating to a public offering, with limits of indemnity up to £10m.
Capacity is being provided by Arch and Hiscox in line with the company’s other primary D&O and financial lines products.
With the recovery of the financial markets and the associated increase in the number of listings for 2011, this is expected to be an increasingly popular product throughout the year.
Cover is available to UK & Irish listings only.
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