Directors and Officers
Professional
XL Catlin provides directors and officers liability insurance on both a primary and an excess basis to public and private companies. Our product offerings and capabilities vary by region to accommodate local practices and jurisdictional requirements.

Product details

Typical Information Required

– Completed application with requested attachments

Benefits & Services

– Specialized underwriting and claims handling

Information and Research

Management Liability and Company Reimbursement Insurance Coverage Form

Application for Classic A-Side Management Liability Insurance

Cornerstone A-Side Management Liability Insurance Coverage Form

Employement Practices Liability Policy

Employment Practices Liability Policy Application

Employement Practices Liability Policy Renewal Application

Excess Policy Coverage Form

Financial Services Liability Policy Declarations

General Partners Liability - General Partners Liability & Limited Partnership Reimbursement Insurance Application

General Partners Liability - General Partners Liability & Limited Partnership Reimbursement Insurance Coverage Form

General Partners Liability - General Partners Liability & Limited Partnership Reimbursement Insurance Renewal Application

Application for Management Liability Insurance including Company Reimbursement

Renewal Application for Management Liability Insurance including Company Reimbursement

Management and Company Liability Coverage Part

Pension and Welfare Benefit Plan Fiduciary Liability Insurance Policy

Private Company Insurance Policy New Business Application

Private Company Insurance Policy Declarations

Capacity

Typically up to USD/EUR 25m

Coverage

D&O
Defends and protects the company’s management from litigation and investigations.

- Insured Person Cover: where the company has not indemnified
- Company Reimbursement Cover: where corporate indemnification is provided
- Company Securities Claim Cover

Coverage includes:
• Broad investigations cover – whether it constitutes a claim or not
• Outside Directorship cover
• Run-off protection for Retired Insured Persons
• Extradition Proceedings cover
• Prosecution Costs: legal costs protection against restrictions of assets or liberty
• Emergency Costs cover
• Fines & Penalties cover where insurable
• Personal Liability of Insured Persons for Corporate Taxes – in case of liquidation or receivership
• Severability: conduct of one insured person cannot be imputed to another insured person and only knowledge of certain key individuals will be imputed to the company

Prospectus indemnity
Protects companies and their management from litigation and investigations arising out of the offering of securities in stock or bond markets.

Protects the issuing entity, as well as the acting directors and other employees involved in the offering.

Can be written in conjunction with your Directors’ & Officers’ Liability policy from XL Catlin.

Coverage includes:
• Cover extends to disclosure in the prospectus and offering documents, and negotiations and presentations (including road shows) as part of the securities offering
• Cover for the indemnification obligation of the Company to the Underwriters of the Offering as outlined in the Underwriting Agreement
• Coverage for claims against the Selling and Controlling Shareholders
• Multiyear coverage matching statute of limitations of securities offerings
• Coverage for single securities offering event with potential to include coverage for subsequent secondary securities offerings

Client Profiles

D&O
• Privately held and publicly traded companies
• From SME enterprises to multi-national corporations
• Not available for US domiciled policyholders

Prospectus Indemnity
• Any company making a public offering of its equity or debt securities
• Not available for US domiciled policyholders

Typical Information Required

D&O
• Latest financials
• Claims history

Prospectus Indemnity
• Draft prospectus
• Underwriting Agreement

Benefits & Services

D&O
• Dedicated and experiences financial lines underwriters in all territories in which we operate.
• Global programmes capabilities.
• Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Prospectus Indemnity
• Dedicated and experiences financial lines underwriters in all territories in which we operate.
• Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Attachment Point

Primary and excess

Coverage

D&O
Defends and protects the company’s management from litigation and investigations.

- Insured Person Cover: where the company has not indemnified
- Company Reimbursement Cover: where corporate indemnification is provided
- Company Securities Claim Cover

Coverage includes:
• Broad investigations cover – whether it constitutes a claim or not
• Outside Directorship cover
• Run-off protection for Retired Insured Persons
• Extradition Proceedings cover
• Prosecution Costs: legal costs protection against restrictions of assets or liberty
• Emergency Costs cover
• Fines & Penalties cover where insurable
• Personal Liability of Insured Persons for Corporate Taxes – in case of liquidation or receivership
• Severability: conduct of one insured person cannot be imputed to another insured person and only knowledge of certain key individuals will be imputed to the company

Prospectus indemnity
Protects companies and their management from litigation and investigations arising out of the offering of securities in stock or bond markets.

Protects the issuing entity, as well as the acting directors and other employees involved in the offering.

Can be written in conjunction with your Directors’ & Officers’ Liability policy from XL Catlin.

Coverage includes:
• Cover extends to disclosure in the prospectus and offering documents, and negotiations and presentations (including road shows) as part of the securities offering
• Cover for the indemnification obligation of the Company to the Underwriters of the Offering as outlined in the Underwriting Agreement
• Coverage for claims against the Selling and Controlling Shareholders
• Multiyear coverage matching statute of limitations of securities offerings
• Coverage for single securities offering event with potential to include coverage for subsequent secondary securities offerings

Client Profiles

D&O
• Privately held and publicly traded companies
• From SME enterprises to multi-national corporations
• Not available for US domiciled policyholders

Prospectus Indemnity
• Any company making a public offering of its equity or debt securities
• Not available for US domiciled policyholders

Typical Information Required

D&O
• Latest financials
• Claims history

Prospectus Indemnity
• Draft prospectus
• Underwriting Agreement

Benefits & Services

D&O
• Dedicated and experiences financial lines underwriters in all territories in which we operate.
• Global programmes capabilities.
• Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Prospectus Indemnity
• Dedicated and experiences financial lines underwriters in all territories in which we operate.
• Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Attachment Point

Primary and excess

Capacity

– Traditional directors and officers: up to USD 25 million

Coverage

– Public companies: Directors and officers, company reimbursement and entity coverage for securities claims

Client Profiles

– Public and large private companies including Fortune 500, middle market and micro-caps

Attachment Point

Primary and excess

Capacity

Typically up to USD/EUR 25m

Coverage

D&O
Defends and protects the company’s management from litigation and investigations.

- Insured Person Cover: where the company has not indemnified
- Company Reimbursement Cover: where corporate indemnification is provided
- Company Securities Claim Cover

Coverage includes:
• Broad investigations cover – whether it constitutes a claim or not
• Outside Directorship cover
• Run-off protection for Retired Insured Persons
• Extradition Proceedings cover
• Prosecution Costs: legal costs protection against restrictions of assets or liberty
• Emergency Costs cover
• Fines & Penalties cover where insurable
• Personal Liability of Insured Persons for Corporate Taxes – in case of liquidation or receivership
• Severability: conduct of one insured person cannot be imputed to another insured person and only knowledge of certain key individuals will be imputed to the company

Prospectus indemnity
Protects companies and their management from litigation and investigations arising out of the offering of securities in stock or bond markets.

Protects the issuing entity, as well as the acting directors and other employees involved in the offering.

Can be written in conjunction with your Directors’ & Officers’ Liability policy from XL Catlin.

Coverage includes:
• Cover extends to disclosure in the prospectus and offering documents, and negotiations and presentations (including road shows) as part of the securities offering
• Cover for the indemnification obligation of the Company to the Underwriters of the Offering as outlined in the Underwriting Agreement
• Coverage for claims against the Selling and Controlling Shareholders
• Multiyear coverage matching statute of limitations of securities offerings
• Coverage for single securities offering event with potential to include coverage for subsequent secondary securities offerings

Client Profiles

D&O
• Privately held and publicly traded companies
• From SME enterprises to multi-national corporations
• Not available for US domiciled policyholders

Prospectus Indemnity
• Any company making a public offering of its equity or debt securities
• Not available for US domiciled policyholders

Typical Information Required

D&O
• Latest financials
• Claims history

Prospectus Indemnity
• Draft prospectus
• Underwriting Agreement

Benefits & Services

D&O
• Dedicated and experiences financial lines underwriters in all territories in which we operate.
• Global programmes capabilities.
• Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Prospectus Indemnity
• Dedicated and experiences financial lines underwriters in all territories in which we operate.
• Our market-leading claims management team has unrivalled expertise and knowledge. Our award winning claim system, ‘XL GlobalClaim’, enables us to manage claims efficiently and accurately, no matter where they occur in the world.

Attachment Point

Primary and excess

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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