Transactional Liability News

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 …

Demand for Transactional Risk Insurance High and Going Higher: Marsh

Use of transactional risk insurance significantly increased in 2018. Policy limits in excess of $1 billion are now available for single transactions as private equity firms and strategic investors increasingly use insurance to reduce the risks associated with mergers and …

Cyber Risks Are Jeopardizing M&A Deals

Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than 2,700 information technology and business decision makers surveyed …

BHSI Offers Transactional Liability in Asia/Middle East; Pembroke’s Harwood Leads Team

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has begun offering transactional liability insurance through its Asia and Middle East (AME) regions and appointed Steven Harwood as the head of transactional liability in AME. Harwood comes to BHSI from …

Anthem, Cigna in Court Battles Over Failed Merger

There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other billions for the deal’s failure. …

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 …

QBE North America Appoints New Heads of Transactional Liability, Financial Institutions

Specialty insurer QBE North America has promoted Toria Lessman to senior vice president, head of Transactional Liability, and Stacey Meade to senior vice president, head of Financial Institutions. An attorney by trade, Lessman has a decade of insurance industry experience. …

Merger Deals Now Include #MeToo Sexual Harassment Clauses

On Wall Street, it’s known as “the Weinstein clause.” Advisers are adding guarantees to certain merger agreements in light of the sexual misconduct scandals that have enveloped the producer Harvey Weinstein and other high-profile businessmen — ones that legally vouch …

Veteran Legge Joins RT Specialty’s Transactional Liability, Private Equity Practice

R-T Specialty announced the hiring of industry veteran Jonathan Legge as a senior vice president of its RT ProExec division. Legge will assume leadership of RT ProExec’s Transactional Liability and Private Equity Practice. He will be responsible for expanding R-T …

Ironshore Expands Global M&A Unit with Appointments, Capacity Hike

Ironshore has expanded its mergers & acquisitions capabilities with a team of new hires in the Americas and broadened office presence to serve Canada and Latin America. In addition, to support heightened transaction volume throughout the Americas region, Ironshore increased …