Cooley M&A

MAY 23, 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. In current market conditions, underwriters increasingly are offering initial retention below 1% and as low as 0.5%

Insurance 52

Insurance M&A Underwriting Financial Statement 52

OfficeHours

AUGUST 25, 2023

Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. The buyer universe for this debt most often includes collateralized loan obligation (“CLO”) funds, high-yield mutual funds, insurance companies, and other similar institutional buyers.

Private Equity 130

Private Equity Equities Debt Finance 130

Cooley M&A

DECEMBER 3, 2019

Over the last decade the use of R&W insurance in merger and acquisition transactions has grown exponentially. 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 Advantages.

Insurance 40

Insurance Underwriting Mergers and Acquisitions M&A 40

How2Exit

SEPTEMBER 15, 2024

– Ray Drew "The SBA 7(a) is an insurance policy that helps mitigate our risk so that we can make these loans which wouldn't be approved conventionally." Underwriting and Closing Phases Following pre-approval, the underwriting phase dives deeper into the financial validation and creation of the SBA credit memo.

Business 130

Business Acquisitions Underwriting Finance 130

JD Supra: Mergers

JANUARY 31, 2025

In part two of this two-part series, Matt Miller and Andrew Lloyd analyze represenmarket.tations and warranties insurance (RWI) in the health care M&A -2landscape.

M&A 155

M&A Underwriting Insurance Negotiation 155

Cooley M&A

FEBRUARY 21, 2017

Rep & Warranty (R&W) Insurance is Here. Previously, transaction insurance (or R&W insurance) was used sparingly and predominantly by East Coast private equity funds. Outside of the US, R&W insurance has already become widely used in private M&A deals in Europe by both PE funds and strategic buyers alike.

Insurance 52

Insurance M&A Underwriting Private Equity 52