Overview:  Protection for claims brought against directors, officers and managers for any act in a directorial or managerial capacity which leads to a claim. Specific SEC version for US exposures.

Who is it for?:  All financial institutions including Banks, Hedge Funds, Insurance Companies, Building Societies, Fund managers, Investment managers, Stockbrokers, Venture Capital firms and Finance Companies. Protection for past present and future directors, officers, employees acting in management or supervisory capacity, shadow directors, outside entity directors, spouses, administrators and executors of insured's estates. 

In light of one of the toughest regulatory environments in recent history, directors are facing unprecedented levels of scrutiny. Companies operating in the world’s largest economies now face a battery of laws, codes and standards.

Achieving and maintaining compliance is costly and time-consuming, and the penalties for failing to do so, punitive and severe. Governments are no longer afraid to exercise new powers of criminal prosecution - demonstrated by newspaper pictures of handcuffed executives amid reports of lengthy prison sentences.

Against this background, directors are increasingly concerned about exposing their personal assets to possible regulatory action or litigation. And for good reason because the implementation of new accounting standards, increasing globalisation and the rise of shareholder action groups increase the intensity of directors’ and officers’ liability exposures. The good news is that with broader cover, fewer restrictions, greater provisions, more value-added services and a greater emphasis on helping individual directors through critical events we have made CorporateGuard D&O stronger than ever.

The SEC CorporateGuard product has been specially designed for financial institutions with exposures to US securities. It provides broader insured cover, blanket outside directorship cover and automatic cover for regulator’s costs. It also provides automatic entity cover against security claims, “express” Sarbanes-Oxley cover and expert support for our clients outside the US in dealing with the complexities of US securities legislation all backed up by the expertise of both a US based securities claims team and local market claims teams.