Synthetic W&I Insurance: Broadening Warranty Protection in M&A
JD Supra: Mergers
JUNE 20, 2025
Warranty & indemnity ("W&I") insurance is playing an increasingly important role in M&A transactions.
This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
JD Supra: Mergers
JUNE 20, 2025
Warranty & indemnity ("W&I") insurance is playing an increasingly important role in M&A transactions.
JD Supra: Mergers
FEBRUARY 10, 2025
Illinois National Insurance Company, No. A Delaware court recently found for the policyholders in determining that a directors and officers (D&O) liability policy covered the settlement of an underlying action alleging violations of the Securities Exchange Act of 1934 (the Exchange Act). Indeed, in Harman International Industries, Inc.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
JD Supra: Mergers
JANUARY 22, 2025
Wallace of the Superior Court for the State of Delaware granted plaintiffs motion for summary judgment in a directors and officers (D&O) insurance denial case against. On January 3, 2025, Judge Paul R. Harman Intl Indus. Illinois Natl Ins. 2025 WL 24364 (Del.
JD Supra: Mergers
SEPTEMBER 5, 2024
Representations and warranties insurance (RWI) has become an increasingly common feature in mergers and acquisitions (M&A) transactions, serving as a risk management tool for both buyers and sellers.
JD Supra: Mergers
NOVEMBER 8, 2024
This article, the first in a multi-part series on M&A in insurance, considers the change of control regime under the Bermuda Insurance Act 1978 (the “Insurance Act”) as it applies to shareholder controllers of Bermuda insurers. By: Carey Olsen
JD Supra: Mergers
SEPTEMBER 11, 2023
Scott Seaman, Co-Chair of Hinshaw’s global Insurance Services Practice Group, moderates a panel of transaction insurance professionals, including Global Co-CEO of Aon's M&A and Transaction Solutions practice Gary Blitz, Managing Directors Vip Patel and Ed Conlon, and Senior Vice President Anthony Dragone.
JD Supra: Mergers
JUNE 18, 2025
At the start of the year, we surveyed M&A lawyers to gather their perspectives on the market dynamics, the year ahead, and the impact of representations and warranties insurance (RWI) on deals.
JD Supra: Mergers
MARCH 19, 2024
Most forms of insurance fall into one of two categories: claims-made or occurrence-based. This distinction is crucial when you are acquiring a new company and deciding how best to merge the target’s existing insurance coverage with your own. By: Woodruff Sawyer
JD Supra: Mergers
JULY 2, 2025
The United States District Court for the Southern District of California, applying California law, has held that an exception within an insured vs. insured (I v. By: Wiley Rein LLP
JD Supra: Mergers
SEPTEMBER 16, 2024
Representation and warranty insurance (“RWI”) is an increasingly important feature of private company M&A transactions. Every other year since 2005 the ABA has released its Private Target Mergers and Acquisitions Deal Point Studies (the “ABA studies”). Originally Published in Bloomberg Law. By: Goulston & Storrs PC
TechCrunch: M&A
JULY 12, 2023
Coalition offers cybersecurity insurance products that take advantage of proactive cybersecurity tools. More recently, Jumbo partnered with IdentityForce to offer identity theft insurance in the U.S. It is acquiring a team (or maybe just a part of the team) that has been focused on privacy and security for several years.
JD Supra: Mergers
AUGUST 7, 2024
Issuers with outstanding bonds insured by a policy from AGM need to ensure a material event notice is timely filed on EMMA (emma.msrb.org) given the change. Assured Guaranty Municipal Corp. AGM) merged into Assured Guaranty Inc. (AG) AG) on August 1, 2024. By: Dorsey & Whitney LLP
JD Supra: Mergers
JULY 12, 2024
Bennett and Heather Weaver of Lowenstein’s Insurance Recovery Group sit down with Yelena Dunaevsky, Senior Vice President, Transactional Insurance, at Woodruff Sawyer to talk about the current state of SPAC related litigation and its impact on the insurance market. Today, Lynda A.
JD Supra: Mergers
MARCH 6, 2025
Private capital investment in the insurance sector is established, large and growing. This article looks at why this is the case, and the challenges and the likely direction of travel for the near future, and also at the traffic in the other direction: insurer investment in private capital. By: Hogan Lovells
JD Supra: Mergers
NOVEMBER 10, 2023
As buyers seek acquisition opportunities worldwide, they often encounter sellers resistant to accepting meaningful (if any) liabilities for potential pre-closing exposures, causing buyers to look to the insurance market for protection. By: Goodwin
JD Supra: Mergers
AUGUST 21, 2024
The use of representations and warranties insurance (RWI or R&W) has become increasingly mainstream. An estimated 75% of private equity transactions and 64% of larger strategic acquirers use it. Woodruff Sawyer’s R&W team presents this comprehensive look at this facet of coverage.
JD Supra: Mergers
MARCH 11, 2025
India's insurance sector is poised for a major transformation following the Finance Minister of Indias February 1, 2025 announcement of a proposal to increase the FDI limit in the sector from 74% to 100%. This development presents opportunities for foreign investors in one of the world's fastest growing insurance markets.
The Guardian: Mergers & Acquisitions
DECEMBER 1, 2024
The two companies – the UK’s biggest insurer, Aviva, and the Churchill owner, Direct Line, known for motor cover and its red phone on wheels mascot – are facing off in a takeover tussle that has sent the Direct Line share price soaring , amid speculation that Aviva could raise its offer or launch a hostile bid, or face a counterbid.
JD Supra: Mergers
SEPTEMBER 9, 2024
Rather than considering an adjustment to the purchase consideration, negotiating an indemnity/escrow, self-insuring the risk. By: Ankura
JD Supra: Mergers
MARCH 21, 2024
Woodruff Sawyer is the market leader when it comes to placing D&O insurance for companies going public, be it through an IPO, direct listing, or merger with a SPAC (a “de-SPAC” transaction). Experience matters in this arena.
JD Supra: Mergers
JANUARY 13, 2025
In our second episode of The Inside Basis, Randy Clark is joined by Marion Zeller, a tax partner in our Luxembourg office, and David Mussche, an associate director with Howden M&A's tax team, to discuss the state of tax insurance in Luxembourg and its impacts on deal process and risk mitigation. By: K&L Gates LLP
JD Supra: Mergers
JUNE 23, 2025
Property insurers have faced significant headwinds in recent years due to the combination of severe weather events, inflation, volatility in reinsurance availability and pricing, regulatory uncertainty and technological disruption. Nasdaq: PRCH), which has plans to build a profitable homeowners insurance business using a.
JD Supra: Mergers
FEBRUARY 27, 2025
Weve recently received a handful of inquiries regarding the placement of sell-side reps and warranties insurance (RWI) policies. Given the relative rarity of these policies compared to their buy-side counterparts, we felt a refresher was in good order to highlight some differences and considerations. By: Woodruff Sawyer
JD Supra: Mergers
APRIL 16, 2024
The fragmented insurance distribution market in Canada continues to see significant levels of mergers and acquisitions (M&A) activity as established consolidators roll up smaller brokerages and managing general agents (MGAs), new players emerge, strategic buyers remain active, and more owners approach the age of retirement and seek third-party (..)
JD Supra: Mergers
MAY 24, 2024
While representation and warranty (R&W) insurance continues to be used across a broad range of M&A transactions, its use has cooled as dealmakers navigate challenging market conditions. By: Cooley LLP
JD Supra: Mergers
SEPTEMBER 16, 2024
In a market known for volatility, public company D&O (directors & officers) insurance has certainly lived up to its reputation in recent years—pricing has been on a roller coaster, fluctuating between skyrocketing increases and precipitous drops.
JD Supra: Mergers
MAY 1, 2025
One of the questions it pays to ask (and answer) early on is how that basket mechanism will function with the retention amount you will be negotiating into your representations and warranties insurance (RWI) policy. By: Woodruff Sawyer
JD Supra: Mergers
MAY 23, 2024
Obtaining the appropriate amount and type of insurance for each stage of their life cycle is one of them. However, with some smart preparation and the expertise of the right advisors, insurance can go from being a necessary burden to a strategic asset. Woodruff Sawyer is a market leader for. By: Woodruff Sawyer
JD Supra: Mergers
MAY 9, 2025
On 7 May 2025, the Hogan Lovells insurance team, together with Howden, hosted a client webinar on geopolitical instability and evolving liability risk. The session also highlighted our newInCrowd hub, an online resource for corporate clients seeking expert insurance advice. By: Hogan Lovells
JD Supra: Mergers
FEBRUARY 20, 2024
State of the Market in Asia - The insurance brokerage market has emerged from the challenging financial conditions and geopolitical headwinds of 2023 as a bright spot that demonstrates resilience and promises great growth potential. By: Mayer Brown
JD Supra: Mergers
JUNE 26, 2025
In 2015, the insured entered into a merger agreement. As part of the merger, the insured’s shareholders received the right to 2.649 shares of the. By: Wiley Rein LLP
JD Supra: Mergers
JANUARY 22, 2025
On January 20, Travis Hill became the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC).
JD Supra: Mergers
APRIL 5, 2024
This article addresses the legal and practical issues for lenders on leveraged buy-outs in relation to taking security over warranty and indemnity insurance policies. This article first appeared in the March issue of Butterworths Journal of International Banking and Financial Law. By: Hogan Lovells
JD Supra: Mergers
NOVEMBER 28, 2023
Warranty and indemnity insurance (W&I) is a long-established feature of M&A transactions in Europe, especially with private equity sellers. Stapled W&I policies and synthetic policies will likely be increasingly common features of E&I transactions, although their feasibility should be assessed case by case.
CNBC: Investing
JANUARY 10, 2025
AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.
Deal Lawyers
SEPTEMBER 5, 2023
A recent Willis Towers Watson blog says that both debtors and potential buyers of distressed assets should consider using R&W insurance and the other transactional insurance solutions which have become staples of private M&A deals in other contexts as an alternative to traditional risk allocation for their transactions.
The New York Times: Banking
FEBRUARY 16, 2024
Frequent natural disasters and high inflation have led insurers to raise premiums, and forced many customers to pare back their policies.
Deal Lawyers
JULY 5, 2023
Woodruff Sawyer recently published its 2023 Guide to Representations & Warranties Insurance, which provides an overview of current market conditions, policy terms and considerations for potential purchasers of RWI.
Deal Lawyers
MARCH 12, 2024
We’ve blogged quite a bit over the years about Rep & Warranty Insurance, but that’s not the only type of transaction insurance available for buyers or sellers looking to lay-off some of the risk associated with their deals.
JD Supra: Mergers
MAY 24, 2023
Obtaining the appropriate amount and type of insurance for each stage of their life cycle is one of them. However, with some smart preparation and the expertise of the right advisors, insurance can go from being a necessary burden to a strategic asset. Woodruff Sawyer is a market leader for. By: Woodruff Sawyer
JD Supra: Mergers
DECEMBER 13, 2024
Geopolitical risk is high on the list of challenges that insurance groups have to navigate. There are a variety of reasons it may become necessary for a group to exit a particular jurisdiction, and a multitude of ways an exit can take place.
JD Supra: Mergers
SEPTEMBER 27, 2024
Last week, each of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice Antitrust Division (DOJ) revised how they will review bank mergers. Our Financial Services and Antitrust teams highlight what banks considering mergers should know about the changes.
Global Banking & Finance
SEPTEMBER 27, 2023
UK’s Hiscox to sell Singapore and Thailand insurance business (Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings following a strategic review. Reporting by […]
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content