Against a legislative backdrop of increasing shareholder activism, strict compliance requirements for corporate governance, and ever more aggressive regulators, the risk of legal and personal liability being incurred by company directors and officers is at an all-time high.
Businesses operating in foreign jurisdictions are required to comply with the legal framework relevant to their overseas operations. Such compliance includes listing and filing requirements, rigorous market disclosure, and careful management of their professional relationships with employees, creditors, customers and suppliers.
Directors and officers are personally exposed to unlimited financial liability and the company and board of directors share the responsibility for ensuring they have the highest possible level of protection.
Liberty’s 02-22 Directors & Officers (D&O) Liability policy wording provides market-leading D&O protection. Our wording, together with our ability to offer limits of liability up to US$50 million, makes Liberty an attractive lead insurer for private, publicly listed or government-owned entities.
At a glance:
Issuing and presenting a prospectus is a complex process for all involved. In this everchanging economic and regulatory landscape the representations made in a prospectus will be thoroughly scrutinised by both investors and regulators, with the potential of any claims made in connection with the prospectus brought years after the prospectus was first issued.
Liberty’s 06-23 Offering of Securities (OSI) policy wording provides bespoke coverage for offerings including cover for Directors & Officers, controlling or selling shareholders and the company itself, ringfencing the prospectus exposure away from a traditional Directors & Officers Liability policy.
At a glance:
Being a director on a listed entity attracts heightened exposure to litigation and class action risks. With no immediate changes to the legal environment to deter litigation funders from instigating class actions and eroding policy limits on a Directors and Officers (“D&O”) Liability policy, Liberty’s Side A Excess cover provides isolated protection solely for the directors and officers to protect their legal liability and personal assets.
At a glance:
The 2014 Bridgecorp ruling (regarding competing claims between defence costs and third party claims on a policy) has potential implications for Australian entities with exposure to New Zealand legislation. The ruling may not be confined to Directors & Officers Liability policies as the legislation can prevent the holder of any liability policy from accessing defence costs where the limit of liability is defence costs inclusive, which is the case for many liability policies, including professional liability policies.
Liberty‘s Umbrella Defence Costs policy is our unique response to this development.
At a glance:
Our Underwriting Team
With over 20 years in financial lines and experience across four states, there aren't too many types of risks or industries I haven't seen before.
Our Underwriting Team
My passion for understanding a customer's business and working with our broker partners allows me to deliver a tailored insurance solution best suited to the client's needs.
Our Underwriting Team
In an ever-changing market, I take pride in providing tailored solutions to our clients and broking partners.
Our Underwriting Team
Cultivating a deep understanding of our clients needs, I am dedicated to ensuring we negotiate sustainable risk solutions, demonstrating expertise and building trust with our clients.
Our Underwriting Team
I'm committed to understanding our clients' businesses in order to provide a tailored insurance solution that allows them to confidently progress in the face of risk and uncertainty.
Our Underwriting Team
With my actuarial background, I have an in-depth understanding with a big-picture perspective of our clients' evolving risk exposure.
Our Underwriting Team
I enjoy tailoring solutions for clients in our Financial Institutions and Commercial D&O segments.
Our Underwriting Team
I find it deeply rewarding to work on bespoke coverage solutions that reflect the unique needs and exposures of our clients.
Our Underwriting Team
I provide tailored risk solutions for multinational and local organisations, empowering business to proceed knowing their key exposures are transferred.
Our Underwriting Team
My commitment lies in delivering solution-driven outcomes and providing long-term support for our clients commercial ventures.
