Warranty and indemnity insurance (W&I) has undergone a remarkable evolution in the past decade, transitioning from being a niche product used only on the biggest deals by sophisticated advisers to something that could soon become integral to any mergers and acquisitions (M&A) deal, right down to single-digit million-dollar deals.
That was the consensus of three experts in this space, speaking on a webinar dedicated to this topic on July 13 titled “Don’t Dabble: Shaping Warranty & Indemnity Insurance for Smaller Deals” and featuring Bryan Dressler (pictured right), head of warranty and indemnity, Markel; Jonathan Clarke (pictured centred), partner, DLA Piper; and Rupert Newman (pictured left), director, Paragon. The full webinar can be viewed here.
“Advisers and parties in all parts of the M&A process need to understand the product.” Jonathan Clarke, DLA PiperThe event mapped the development of this sector to around a decade ago when Markel, along with certain key individuals, helped in its early evolution to the present day, where more than 35 carriers now write this business and its benefits to small and medium-sized enterprises (SMEs) are increasingly understood. But in parallel with that growth have come other challenges and risks for all parties.
Warranty & indemnity, M&A, Markel, DLA Piper, Paragon, Bryan Dressler, Jonathan Clarke, Rupert Newman, Insurance, Reinsurance
