Remove 2008 Remove Middle Market Remove Underwriting
article thumbnail

Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal. For example, Lehman Brothers and Bear Stearns were considered bulge bracket banks before the 2008 financial crisis – but many people today don’t even remember them.

article thumbnail

Representation & Warranty (R&W) Insurance – Current Market Trends

Cooley M&A

From 2008 to 2018, the total R&W policies bound per year in North America rose from 40 deals, providing $541 million of coverage to 1500+ R&W insurance transactions, providing aggregate coverage of $38.6 The underwriting process can typically be completed in as little as one to two weeks (from engaging broker to binding the policy).