Charting your way through an IPO
SOLI is a fixed term, multi-year period, stand-alone insurance product, designed to protect companies and the individuals involved in securities offerings from adverse effects of claims against them arising from a securities offering, albeit with enough flexibility to tailor each policy to the offering in question, including initial public offerings and / or subsequent offerings of equity or debt securities.
By raising capital from the public, a company is creating new relationships, and opening up potential liabilities which are closely scrutinised by regulators. Investors may claim the full value of their loss if the information in the prospectus has been proven to be wrong, possibly years later. A SOLI policy has limits tailored to the specific transaction, and for the duration of the exposures in the relevant jurisdiction.
Companies that want to offer their securities to the public, or trade their securities on a regulated market like the stock exchange, have to issue a prospectus. There are detailed rules about what has to be in a prospectus, what may or may not be left out and follow-up processes in the case that anything material changes once issued or in the case an error is discovered.
This product could be a benefit to companies of any size who are thinking of - or are in the process of - listing on a stock market.
A Securities Offering Liability Insurance (SOLI) policy covers the specific elevated exposures of securities offerings, even for the entity.
AIG has assembled a seasoned team of claims specialists who are experienced in managing some of the highest-profile D&O, PI, employment practices, crime and M&A cases in the industry, for entities of all sizes. Our close in-house collaboration with our underwriting colleagues allows us to facilitate prompt case resolution and the best possible claim outcomes. We offer access to some of the nation's premier attorneys, who have expertise managing even the most complex, sensitive claims and litigation.
To report a claim please contact us:
Phone +41 (0)43 333 37 00 (switch board)
Fax +41 (0)43 333 37 99