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.
Cookie Settings
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
Cookie Settings
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.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
When a buyer in a Merger and Acquisition (M&A) transaction seeks to obtain representations and warranties insurance (RWI), one of the key steps is the underwriting call. This call is a critical part of the insurers diligence process, where the underwriters assess the risks involved in the deal before issuing the policy.
The market for financing pools of interests in private equity funds and private credit funds continues to sizzle, with new lenders joining the market and competition on pricing leading to a tightening of spreads for the most sought after deals.
Unity Managing Underwriters provides creditor, life, disability and extended warranty products for personal and commercial vehicles. The post MDP-backed Navacord adds Unity Managing Underwriters appeared first on PE Hub.
Given the breadth of standard representations and warranties insurance (“RWI”) policies, carriers and underwriters should be aware of these new requirements and their impact on RWI policies issued in 2024 and beyond. In the below legal update, the Seyfarth RWI Underwriting Counsel team describes the new filing. By: Seyfarth Shaw LLP
The SEC also provided guidance regarding underwriter status. The final rules require new enhanced disclosure requirements related to SPACs, and include new procedural protections in de-SPAC transactions. By: Troutman Pepper
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
It is no secret that a representations and warranties (R&W) insurer’s underwriting focus is informed by industry-specific risks and claims experience. For manufacturing businesses, aligning the buyer’s diligence plan and the insurer’s expectations is especially important given the need for advance planning and logistical coordination.
Subdued M&A pipeline and cautious underwriting by banks limit buyout financing opportunities. But as the market adjusts to the “new normal”, rate and price stability offer hope for a brighter 2024. Rising interest rates have pushed up borrowing costs and constrained issuance activity. By: White & Case LLP
From the dynamics of larger deals to the increasing prevalence of minority investments and earn-outs, the video sheds light on a diverse range of deals that have captured the attention of underwriters as well as the outlook for premium and retention rates. By: Woodruff Sawyer
They discuss the nature, history, and various forms of transaction insurance, focusing on the placement and underwriting of transaction insurance, key coverages and policy provisions, and. By: Hinshaw & Culbertson LLP
I had been given an assignment to fill an underwriter position, a rare task as most of my recruiting is opportunistic. This question came to me after I reviewed the calls I had last week. It was a very specific assignment in this case and one that I felt I was definitely challenged by. Conclusion You don’t need a resume to chat with us!
The startup first made headlines for its unique model , which allows it to underwrite customers based on their income rather than their credit scores. Indeed, the acquisition of X1 gets Robinhood into the credit card business with the interchange fee revenue that comes with it. Robinhood currently earns interchange fees from its debit card.
These transactions require lenders to underwrite the value of assets that the borrower does not yet own, which gives rise to a specific set of challenges for the lenders. In the private equity secondaries market, financing is often used to facilitate the purchase of portfolios of interests in private equity funds.
13, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Exchange Underwriters, Inc. Iselin, NJ, Dec. of Washington, PA on December 1, 2023.
. “With 5,089 policies placed, 1,040 claims received, and 97 payments made,” Euclid believes “this is the largest data set used in an RWI claims study produced by an underwriter to date.” ” […]
and its subsidiaries (Core Specialty or the Company) and London Aviation Underwriters, Inc. LAU will bring decades of aviation and aerospace underwriting and claims experience and expertise in-house. CINCINNATI, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc.
11, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Ethos Specialty’s Transactional Liability unit. NEW YORK, Nov.
Deal Marks Expansion Outside of North America Creating a Platform for International Growth Deal Marks Expansion Outside of North America Creating a Platform for International Growth
Sutton Special Risk is a managing general underwriter of specialty insurance products with headquarters in Toronto. The post Madison Dearborn’s Amynta to acquire Sutton Special Risk appeared first on PE Hub.
By Kris Kowal Origination, relationship management, underwriting, loan servicing, portfolio monitoring, risk management, compliance, innovation and product development: That’s commercial lending. The question isn’t if, but rather when, generative AI touches every step of the commercial lending value chain.
the parent company of American Surety Company (“ASC”) and Underwriters Surety, Inc. (“USI” CINCINNATI, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) and Eighth Amendment Holdings, Inc.
Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from $50,000 to $30 million. The post Mountain Ridge Capital unveils factoring commercial finance firm Alpha Ridge Funding appeared first on PE Hub.
The Company also reports it has entered into a Lock-Up Waiver, effective September 29, 2023, whereby the underwriter of the Company’s initial public offering agreed to waive certain lock-up restrictions applicable to up to 100,000 shares of Class B common stock held by the Mobiv Pte. Newark, Delaware, Sept.
However, you also want to meet the traders and underwriters that you will be working closely with. If you are going in at the managing director level, you want to meet more than just the hiring manager, which in most cases should be the head of public finance.
Also, new firms that have only been buying competitive deals are looking to spread their wings into the wonderful world of negotiated underwriting. So, who will do them if they do not continue hiring? Expansion On The Horizon But is that all for our public finance industry on this topic? No, clearly not.
Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. For example, banks suffered from numerous hung deals in the 2021-2022 timeframe (Citrix, Twitter, and many others), which limited the flexibility banks had to underwrite new financings.
Program administrators, including brokers, managing general agents (MGAs) and managing general underwriters (MGUs) play a vital role in facilitating and distributing insurance products. Success lies in the […]
They may help with underwriting, fundraising, credit or financial advice. Underwriting Services Merchant banks also provide underwriting services for initial public offerings (IPOs), private placements, follow-on public offerings (FPOs) and rights issues. What is a Merchant Bank?
As a result of the competition among insurers, we have seen increasingly favorable rates and policy terms for policy purchasers in 2023 and continuing into 2024, as well as carrier expansion into alternative transaction structures and historically harder to underwrite areas, such as healthcare and financial services.
Underwriting and Closing Phases Following pre-approval, the underwriting phase dives deeper into the financial validation and creation of the SBA credit memo. As Ray points out, the complexity and detail of this process can vary greatly: "Underwriting, I would expect to take place within about two weeks.
Gulf Guaranty), a third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close in the third quarter of 2023.
HAMILTON, Bermuda, March 04, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited (Enstar) (Nasdaq: ESGR) announced today its Lloyds syndicate (Syndicate 2008), managed by Enstar Managing Agency Limited, has completed the previously announced transaction with Atrium Syndicate 609, managed by Atrium Underwriters Limited.
LONDON (Reuters) – Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behaviour could be “unclear” The Lloyd’s of London market, which employs nearly 50,000 people across insurance underwriting and (..)
Investment banking is a branch of banking that organizes and enables large, complex financial transactions for businesses, like mergers, IPOs or underwriting. This is called underwriting. Let’s say ABC Investment Bank agrees to underwrite 1 lakh shares out of the total 5 lakh shares that Meena’s business is offering.
We organize all of the trending information in your field so you don't have to. Join 38,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content