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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.
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
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.
It is no secret that a representations and warranties (R&W) insurer’sunderwriting focus is informed by industry-specific risks and claims experience. By: Goodwin
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
An insuranceunderwriter is a professional responsible for evaluating the risk of insuring a person or asset and determining policy terms. Originating from marine insurance in Europe during the 17th century, underwriting has come a long way. This ensures that the insurer can cover the potential payout.
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.
. “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.” ” […]
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.
By Piers Williams, Global Insurance Manager at AutoRek Efficiency is a necessity in the intricate world of insurance but unfortunately for program administrators, complexity is an unavoidable reality. Success lies in the […]
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%
London-listed SPAC moves closer to launch of Lloyd’s insurance vehicle LONDON (Reuters) – A London-listed special purpose acquisition company has moved closer to launching a vehicle designed to give investors access to the Lloyd’s of London insurance market, according to a statement on Friday.
06, 2025 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. 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.
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 Carolyn Cohn LONDON (Reuters) -Commercial insurance premiums may not yet be turning lower despite years of increases, Lloyd’s of London chairman Bruce Carnegie-Brown told Reuters, as the market reported a 26% jump in first-half pre-tax profit on Thursday.
By Carolyn Cohn LONDON (Reuters) -Commercial insurance premiums may not yet be turning lower despite years of increases, Lloyd’s of London chairman Bruce Carnegie-Brown told Reuters, as the market reported a 26% jump in first-half pre-tax profit on Thursday.
Over the past decade, India’s Direct-to-Consumer (D2C) insurance industry has experienced remarkable growth, fuelled by rising incomes and increased awareness. In this blog post, we delve into the unique cash flow challenges faced by D2C insurers and explore how Razorpay Line of Credit can help.
01, 2023 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. the parent company of American Surety Company (“ASC”) and Underwriters Surety, Inc. (“USI” CINCINNATI, Nov. and its subsidiaries (“Core Specialty” or the “Company”) and Eighth Amendment Holdings, Inc.
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.
While insurance companies have struggled throughout the pandemic, with share prices collapsing due to a rise in insolvencies, new technologies have the potential to transform the industry, driving a flurry of M&A activity in early 2021. Insurtech has the added benefit of generating cost-saving efficiencies. A Market Full of Opportunity.
When you’re purchasing employee benefits, particularly health insurance at that scale, it’s a significantly different buying experience and also service experience as well. You know, they probably answer, they want more hours, they want more money and health insurance. Ryan Basseri: Absolutely.
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 insuranceunderwriting and (..)
– 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.
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.
From a small office of six to the largest private trade credit insurer in town Allianz Trade in Hong Kong was pleased to celebrate its 25-year anniversary yesterday, hosting a glittering dinner event which was well attended by nearly 100 guests including business and media partners.
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?
They are a Managing General Agent that services individual and commercial insurance agents. Benchmark International has successfully facilitated the transaction of George W. Evan & Associates. The firm lends its expertise in helping in
14, 2023 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. million in cash for the exclusive right to underwrite the Security & Alarm Business through October 2025, and the renewal rights to such business thereafter, (2) assume the unearned premium reserve associated with the Security & Alarm Business, and (3) purchase $5.0
Debt underwriting had its best week since May 2011 and equity underwriting also improved significantly while M&A activity was quite light Equity underwriting volumes of $17.2 Thus far in 3Q12, equity underwriting volumes are averaging 12% below both the 2Q12 weekly average level and the 3Q11 average weekly level.
Debt underwriting was again a highlight in the week while completed M&A volumes also improved Equity underwriting volumes of $15 billion declined by 61% from the prior week, though last week’s volumes were boosted by the Treasury’s $20 billion offering of AIG stock. Corporate debt underwriting volumes of $90.2
Both announced and completed M&A improved but remain light while equity and debt underwriting were solid on the week Equity underwriting volumes of $19.4 In 3Q12, equity underwriting volumes averaged 17% above both the 2Q12 weekly average level and the 3Q11 average weekly level. and the DB currency VIX declined by 0.7%
Investment banking volumes were mediocre on the week amidst the summer doldrums Equity underwriting volumes of $10.7 Excluding this deal, equity underwriting volumes of $1.8 Excluding this deal, equity underwriting volumes of $1.8 Corporate debt underwriting volumes of $33.5 billion declined 70% from the prior week.
Investment banking volumes were soft across the board as activity slowed as expected heading into the holiday weekend Equity underwriting volumes of $4.5 Thus far in 3Q12, equity underwriting volumes are averaging 18% below both the 2Q12 weekly average level and the 3Q11 average weekly level. Corporate debt underwriting volumes of $30.8
Insurance Bio: Howden Group Holdings is the largest European insurance intermediary group in the world, managing premiums of more than £10bn. The group comprises of brokering firm Howden, underwriting agency DUAL, MGA and its data and analytics arm HX. 7 – Howden Group Holdings Value: $4-$4.5bn Founded: 1994 What do they do?
Task Force on Climate-related Financial Disclosures (TCFD): The TCFD provides recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insuranceunderwriting decisions.
It also offers investment banking services such as equity underwriting, mergers and acquisitions, debt restructuring, and capital raising. Customized Portfolio Management This involves private bankers working together to create a tailored investment strategy that meets the needs of individual investors and their personal financial goals.
Insurance companies are beginning to formalise their approach to incorporating ESG risk into their underwriting processes across lines of business. Continuous education on these evolving topics for directors is key to demonstrate a level of sophistication during critical exchanges (for example, with underwriters, investors, etc.).
25, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it will acquire Landmark Underwriting, a specialty focused managing general agent (MGA) in the London Insurance market. NEW YORK and LONDON, Nov. Financial terms were not disclosed.
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.
The Indian insurance sector is poised for a major shift in how premiums are paid with the introduction of Bima-ASBA (Applications Supported by Blocked Amount) guidelines by the Insurance Regulatory and Development Authority of India (IRDAI). How Do Insurers Get Compliant with this Circular? What is IRDAIs Bima-ASBA?
17, 2025 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. and its subsidiaries (Core Specialty or the Company) announced today that it has completed the acquisition of London Aviation Underwriters, Inc. CINCINNATI, Jan. LAU) which was previously announced on January 6, 2025.
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.
With an Account Aggregator, you can simply give consent to your loan provider to access this information digitally from your banks, mutual fund houses, insurance providers, etc. Link Accounts: The customer links their various financial accounts (banks, mutual funds, insurance, etc.) with the AA.
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