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Our client is a market leading broker of transactional liability insurance products including W&I and Tax liability insurance. Their Transactional Risk team has a long-standing history of supporting private equity funds, corporates and law firms participating in M&A processes across the globe. They provide bespoke insurance solutions, such as warranty and indemnity insurance, to facilitate and enhance transactions. These solutions may be used by sellers to obtain a “clean” exit, or strategically by buyers to address transaction issues and enhance their bid.
Working closely with a client’s deal team, the team structures warranty and indemnity insurance and other transactional risk insurance solutions to provide comprehensive coverage for liabilities arising under the sale and purchase agreement negotiated by our clients.
The Role:
As a W&I broker, you will be responsible for working with clients and their legal representatives to advise on how M&A insurance products can be incorporated into a transaction process to enable them to meet their commercial objectives. This will include reviewing acquisition agreements and due diligence materials to identify and structure insurance solutions to provide alternative recourse solutions for breaches of the warranty package and other identified risks within a transaction.
Your Responsibilities:
* Build and maintain relationships with the M&A community, including financial sponsors, corporates, law firms and other advisors.
* Undertake in-depth analysis on each client transaction to understand all potential risks associated with the deal and advise on possible M&A insurance solutions.
* Take oart in negotiations with insurers, in line with the commercial transaction strategy, to develop enhanced and bespoke policy wordings and coverage positions.
* Provide strategic advice to clients on how M&A insurance products can be introduced to a transaction process enabling them to achieve their objectives.
* Manage the policy and coverage negotiation process to ensure that the client’s commercial objectives are achieved
Required Skills:
* Qualified lawyer with proven in-practice experience of corporate law or an accountant working within a transactional environment
* Previous experience of working on private equity or M&A transactions is highly beneficial
* Proven experience of developing client strategy and negotiating in support of that strategy is highly beneficial
Previous insurance experience is not required.
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