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

Insurance 165

Insurance Mergers 165

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.

Insurance 171

Insurance IPO IT 171

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.

Insurance 171

Insurance IPO Mergers IT 171

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

Insurance 159

Insurance Acquisitions 159

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.

Insurance 171

Insurance Private Equity Mergers and Acquisitions Equities 171

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

Insurance 171

Insurance M&A Mergers and Acquisitions Mergers 171

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

IPO 165

IPO Insurance Initial Public Offering Mergers and Acquisitions 165

CNBC: Investing

JANUARY 10, 2025

AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.

Insurance 144

Insurance Stock 144

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

Insurance 165

Insurance M&A Utilities Negotiation 165

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

Insurance 188

Insurance M&A 188

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.

Insurance 171

Insurance IT 171

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

Insurance 152

Insurance Securities Banking Bank 152

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.

Insurance 137

Insurance Financial Institution Banking Bank 137

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.

Insurance 113

Insurance 113

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.

Insurance 165

Insurance Private Equity M&A Equities 165

Deal Lawyers

JANUARY 13, 2025

We’ve blogged a few times about litigation surrounding insurers’ efforts to use bump-up exclusions in D&O policies to avoid coverage of amounts paid to settle merger claims. Illinois National Insurance, (Del. Last week, in Harman International Industries v.

Insurance 113

Insurance Mergers 113

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.

Insurance 159

Insurance Valuation Accountant IT 159

Deal Lawyers

JUNE 17, 2024

Woodruff Sawyer recently issued its “Guide to Insuring Fund Liability Risks for Venture Capital and Private Equity Firms.” Here’s an excerpt from the discussion of the evolution of general partner liability coverage: General Partnership Liability Insurance (GPL) is a longstanding insurance product tailored for […]

Private Equity 113

Private Equity Insurance Equities Funds 113

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.

Insurance 124

Insurance M&A 124

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.

Insurance 140

Insurance IT 140

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

IPO 137

IPO Insurance Initial Public Offering Mergers and Acquisitions 137

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 […]

Insurance 124

Insurance Business IT 124

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.

Insurance 145

Insurance Management IT 145

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.

Mergers 314

Mergers Banking Bank Financial Services 314

Deal Lawyers

JUNE 4, 2024

Recent data suggests that the use of Rep & Warranty Insurance may have plateaued, but this Cooley M&A blog says that market development has led to some news for purchasers of RWI. The blog says R&W policy purchasers in this cooling market have been able to obtain more quotes, and more favorable policy rates and […]

Insurance 113

Insurance M&A 113

JD Supra: Mergers

JULY 13, 2023

During the second quarter of 2023, LP’s insurance brokerage team surveyed many respected professionals in the insurance brokerage M&A industry, including M&A advisors and highly acquisitive buyers. All are experienced in the industry and regularly work on 10+ transactions in any given year. By: Levenfeld Pearlstein, LLC

M&A 130

M&A Insurance Acquisitions 130

Global Banking & Finance

DECEMBER 18, 2024

By Piers Williams, Global Insurance Manager at AutoRek Imagine a world where insurance payments are processed within minutes, fraud detection happens in real time, and customers never face delays in claim payouts. The insurance industry is transforming, and payment processing is central to this change.

Insurance 96

Insurance Management 96

JD Supra: Mergers

AUGUST 14, 2023

Given the current state of the market, deal flow is down and, therefore, so is the number of submissions getting sent to representations and warranties insurance (RWI) underwriters. Underwriters are poised to strike when the market picks back up again but, in the meantime, where does that leave us? By: Woodruff Sawyer

Insurance 130

Insurance Underwriting 130

Deal Lawyers

JULY 24, 2024

Earlier this year, Meredith blogged about a federal court’s decision holding that a “bump-up” exclusion in a D&O insurance policy resulted in the loss of […]

Insurance 133

Insurance M&A Acquisitions 133

CNBC: Investing

JANUARY 8, 2024

Shares of this property and casualty insurer could be ready to resume their bullish trend.

Insurance 125

Insurance Stock Shares 125

JD Supra: Mergers

AUGUST 24, 2023

On December 4, 2019, the insured media company merged with another media company. Stockholders brought several lawsuits challenging the merger and asserted claims for breach of fiduciary duty against the insured’s directors, officers, and controlling stockholders for their roles in negotiating and.

Insurance 130

Insurance Media Negotiation Mergers 130

CNBC: Investing

SEPTEMBER 24, 2023

Insurance companies are struggling with stronger hurricane seasons, while climate-related perils continue to pressure catastrophe losses.

Insurance 122

Insurance 122

Global Banking & Finance

SEPTEMBER 6, 2023

Beyond Traditional Insurance: The 831(b) Plan’s Response to Market Challenges By Van Carlson, Founder and CEO of SRA 831(b) Admin The Hardening of an Insurance Market: Then and Now The insurance market operates in cycles, influenced by a myriad of factors.

Insurance 111

Insurance Profitability Finance Finance 111

Deal Lawyers

OCTOBER 5, 2023

R&W Insurance is a standard feature in private company transactions, but this WTW blog discusses its use in take-private transactions involving public company targets. The blog highlights some of the complexities involved when using RWI in these transactions and methods for addressing the issues they present.

Insurance 113

Insurance IT 113

Growth Business

JANUARY 23, 2024

These intangible ideas could be exceptionally valuable and underpin future growth and financial success – and they should be covered by intellectual property insurance. What is intellectual property insurance? Cases like these only serve to show why IP insurance is so important in today’s business environment.

Insurance 95

Insurance Business Underwriting Risk Management 95

Successful Acquisitions

NOVEMBER 2, 2023

Capstone Strategic Advises Achieva Credit Union on the Purchase of Cannella Insurance Services Capstone Strategic, Inc. Capstone) announced today that Achieva Credit Union of Dunedin, Florida recently acquired Canella Insurance Services of Tampa. Cannella Insurance Services was founded in 2003 by Joseph H.

Insurance 110

Insurance Acquisitions Valuation Business 110

PE Hub

SEPTEMBER 13, 2023

Smith & Reid Insurance Brokers and O’Neil Insurance Brokers are both headquartered in Ottawa. The post Eurazeo-backed BMS picks up two Canadian insurance brokers appeared first on PE Hub.

Broker 99

Broker Insurance 99