M&A insurance News

In Anthem-Cigna Failed Merger ‘Soap Opera,’ Judge Hands Damages to Neither

A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust grounds anyway. Cigna, which …

Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies

Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters. This follows several years of continuous growth in underwriting transaction risks, Beazley said in a statement. “We have seen …

Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies

Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. Deal …

Australia Firms Begin to Use Legal Clause to Terminate M&A Deals Amid Virus

Several Australian companies are reviewing or even terminating takeover deals by using a legal escape route because of the devastating impact of the coronavirus, a template that some lawyers expect to be replicated in other countries. Three listed companies this …

Demand for M&A Insurance Sees Significant Growth: Aon

An increase in M&A activity in today’s challenging economic environment is driving significant growth in demand for M&A insurance products, according to a report published by Aon. Aon’s report finds that following a decline in M&A activity after the 2008 …

Liberty Global Names Singh to Head M&A Transactions Insurance Tax Team in London

Liberty Global Transaction Solutions (GTS) has named Jugdeep Singh as head of Tax, based in London. Singh will manage the Liberty GTS international tax liability insurance team for tax risks related to merger and acquisition transactions, restructurings and other bespoke …

BHSI Offers Transactional Liability Cover in UK & Europe, Appoints Martin from Enstar

Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its North American Transactional Liability Insurance business into the UK and Europe and has appointed Ed Martin as head of Transactional Liability, UK and Europe, based in London. “As the need …

XL Catlin Expands M&A Underwriting Team with Khalidi and Jensen

XL Catlin insurance operations recently added Naveed Khalidi and Michelle Jensen to its team of Mergers and Acquisitions (M&A) insurance underwriters. Khalidi joins XL Catlin from Allied World Assurance Co., where he most recently held the position of senior underwriter …

AIG UK Sells Its 1st Sharia-Compliant M&A Policy in London

AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London’s M&A insurance market, as the city looks to Islamic finance to help bring new business. Development of Islamic finance is accelerating in …

Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office

Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore Agency Ltd., to expand its European presence. Ironshore M&A and tax specialists underwrite specialty coverages for complex transactional risk throughout …