Liberty International Underwriters (LIU) and program administrator Huntersure LLC have partnered to offer transactional liability insurance. This program will offer coverages for representations and warranties, tax liability (including tax opinion and tax credit), and contingent liability.
Underwritten by Huntersure and backed Liberty Mutual, the coverage is tailored to bridge gaps in contracts between buyers and sellers in the M&A market ―valued last year at a record-breaking $4.7 trillion with more than 40,000 transactions announced―as well as help eliminate the need for escrow and make it easier for deals to get approved.
LIU’s transactional liability product will provide up to $25 million in limits.
Part of Liberty Mutual Insurance, LIU distributes global specialty lines products and services exclusively through the independent broker network worldwide. Huntersure LLC is a managing general agency (MGA) focused on program administration for professional liability products on behalf of a number of U.S.-based insurance companies as well as Lloyd’s of London Underwriters. Its program administration operations include specialty underwriting, quoting, binding, policy issuance, claims oversight, loss control, billing and premium collection services for its program partners in the insurance industry.
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