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 (..)

Insurance 165

Insurance Mergers and Acquisitions M&A Mergers 165

JD Supra: Mergers

MARCH 13, 2025

The Federal Deposit Insurance Corporation (FDIC) is requesting public comment on its proposal to rescind its 2024 Statement of Policy on Bank Merger Transactions (2024 Policy Statement) and reinstate its prior Statement of Policy on Bank Merger Transactions (Prior Policy Statement). By: Cadwalader, Wickersham & Taft LLP

Mergers 171

Mergers Bank Banking IT 171

JD Supra: Mergers

SEPTEMBER 19, 2024

Yesterday, both the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) finalized new guidelines regarding bank mergers. By: Troutman Pepper

Mergers 177

Mergers Bank Banking Insurance 177

JD Supra: Mergers

AUGUST 21, 2024

The use of representations and warranties insurance (RWI or R&W) has become increasingly mainstream. RWI is a well-established tool in the merger and acquisition (M&A) toolbox for both private equity and strategic buyers. An estimated 75% of private equity transactions and 64% of larger strategic acquirers use it.

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

As they go through their initial public offering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles. Obtaining the appropriate amount and type of insurance for each stage of their life cycle is one of them.

IPO 165

IPO Insurance Initial Public Offering Mergers and Acquisitions 165

JD Supra: Mergers

SEPTEMBER 26, 2024

17, 2024, the Federal Deposit Insurance Corporation (FDIC) Board met to finalize an updated approach to increase scrutiny of bank mergers, particularly those that would result in a bank with over $100 billion in assets. These moves by regulators signal a new whole-of-government approach to competition in the banking sector.

Mergers 177

Mergers Bank Banking Insurance 177

JD Supra: Mergers

MAY 1, 2024

The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency recently announced proposals to update their approaches to evaluating bank mergers and other business combinations under the Bank Merger Act. Originally published by Law360 - April 26, 2024. By: WilmerHale

Mergers 165

Mergers Bank Banking Insurance 165

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

Insurance 159

Insurance Capital Investment 159

JD Supra: Mergers

OCTOBER 18, 2024

Regulators seek to provide clarity and transparency on the bank merger review process, but changes may increase application complexity and unpredictability. By: Latham & Watkins LLP

Mergers 171

Mergers Bank Banking Insurance 171

JD Supra: Mergers

OCTOBER 4, 2024

On September 17, 2024, the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) issued final “statements of policy” for transactions subject to the Bank Merger Act (“BMA”). By: Paul Hastings LLP

Mergers 171

Mergers Bank Banking Insurance 171

JD Supra: Mergers

APRIL 11, 2024

On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) approved a Federal Register notice seeking public comment on its proposal to revise its current Statement of Policy on Bank Merger Transactions.

Mergers 177

Mergers Bank Banking Insurance 177

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

MARCH 22, 2024

Today, a divided Federal Deposit Insurance Corporation’s (FDIC) Board of Directors issued a proposed Statement of Policy (SOP) on bank merger transactions that would create a combined bank with more than $100 billion in assets. By: Troutman Pepper

Mergers 177

Mergers Bank Banking Insurance 177

JD Supra: Mergers

SEPTEMBER 23, 2024

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issued formal statements of policy on reviewing transactions under the Bank Merger Act (BMA).

Mergers 171

Mergers Bank Banking Insurance 171

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

Insurance 165

Insurance M&A IT 165

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.

Insurance 159

Insurance Underwriting M&A Management 159

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.

Insurance 165

Insurance Investment Finance Finance 165

JD Supra: Mergers

APRIL 5, 2024

On March 21, the Federal Deposit Insurance Corporation (FDIC) published for comment a proposal (Proposal) to revise its Statement of Policy on Bank Merger Transactions (SOP). If adopted as proposed, the Proposal would modify the SOP substantially, effectively creating an entirely new policy.

Mergers 165

Mergers Bank Banking Insurance 165

JD Supra: Mergers

APRIL 8, 2024

The ever-growing pool of Washington alphabet soup agencies targeting the use of employee non-competes has expanded and now includes — along with the FTC and NLRB – the Federal Deposit Insurance Corporation (FDIC). By: BakerHostetler

Mergers 212

Mergers Insurance Bank Banking 212

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

FEBRUARY 7, 2024

2023 was a fairly gloomy year for global M&A activity and the insurance sector did not emerge unscathed, recording its lowest deals count since 20201.

M&A 188

M&A Insurance Valuation IT 188

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

JUNE 5, 2024

The Private Target Mergers & Acquisitions Deal Points Study (“the Study”) is published on a bi-annual basis by the Market Trends Subcommittee of the ABA Business Law Section’s M&A Committee, which I am happy to serve on. By: Goulston & Storrs PC

Mergers 165

Mergers Acquisitions Mergers and Acquisitions Insurance 165

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 196

Insurance Valuation Accountant IT 196

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

OCTOBER 3, 2024

Merger and acquisition cases are common here. Examples of these types of suits include Paramount Global (CBS-Viacom merger) and Tesla (Solar City merger). Traditionally, this has been the main type of derivative suit that has resulted in large settlements. By: Woodruff Sawyer

Mergers and Acquisitions 177

Mergers and Acquisitions Insurance Mergers Acquisitions 177

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

Insurance 159

Insurance M&A IT 159

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

Insurance 165

Insurance 165

JD Supra: Mergers

MAY 24, 2023

As they go through their initial public offering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles. Obtaining the appropriate amount and type of insurance for each stage of their life cycle is one of them.

IPO 137

IPO Insurance Initial Public Offering Mergers and Acquisitions 137

JD Supra: Mergers

APRIL 4, 2024

The Federal Deposit Insurance Corporation (“FDIC”) recently published a Federal Register notice seeking public comment on proposed revisions to the FDIC’s Statement of Policy on Bank Merger Transactions (the “SOP”). By: Vedder Price

Mergers 127

Mergers Bank Banking Insurance 127

JD Supra: Mergers

APRIL 4, 2024

The Proposal clarifies the FDIC’s bank merger approval process but may prove challenging for new large bank consolidations with the FDIC as the primary regulator. By: Latham & Watkins LLP

Mergers 132

Mergers Bank Banking Insurance 132

JD Supra: Mergers

SEPTEMBER 13, 2023

Long a feature of directors’ and officers’ (D&O) liability insurance policies, the so-called “Bump-Up” Exclusion has gotten significant attention over the last few years.

Mergers 171

Mergers Mergers and Acquisitions Acquisitions Public Trading 171

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 Bank Banking 152

JD Supra: Mergers

MARCH 27, 2025

In a win for Wileys client, the United States Court of Appeals for the Third Circuit, applying Pennsylvania law, affirmed judgment on the pleadings in favor of a group of insurers on the ground that a Changes in Exposure Provision excluded coverage for an acquired companys wrongful acts committed before the acquisition. By: Wiley Rein LLP

Insurance 159

Insurance Mergers Acquisitions 159

JD Supra: Mergers

JANUARY 22, 2025

On January 20, Travis Hill became the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC).

Insurance 183

Insurance Corporation 183