QBE North America’s has expanded its specialty lines offerings with the launch of a new Transactional Liability Practice.
The Transactional Liability Practice, led by Dennis Kearns, QBE senior vice president & underwriting counsel, will underwrite two new products – representations & warranties insurance (R&W), and tax liability insurance on a primary and an excess basis.
These products provide financial loss protection to directors, officers and their companies for potential legal liabilities from a merger or acquisition transaction.
Merger & acquisition (M&A) activities require specialized underwriting expertise because of their fast pace and complex nature. QBE’s Transactional Liability Practice will provide tailored underwriting options addressing the risks and exposures facing buyers and sellers arising from their M&A activities. These products will minimize the risks directors and officers face, and provide balance sheet protection against potential loss.
The representations & warranties insurance and tax liability insurance are two new products that add to QBE Specialty’s product suite in the management liability (directors & officers liability) and professional lines (errors & omissions) classes for private and public companies.
In addition to management liability & professional lines, QBE Specialty provides products for aviation, accident & health, trade credit, healthcare, financial institutions, media liability, professional firms and technology customers.
QBE’s North America operations are part of QBE Insurance Group Ltd. Headquartered in Sydney, Australia, QBE operates out of 38 countries around the globe. The North America operation, headquartered in New York, conducts business through various property and casualty insurance subsidiaries.
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