Canadian Underwriter

Keyword
representations and warranties

News InsuranceMarkets / Coverages

M&A activity unlocks this hot new business opportunity

July 11, 2019 by David Gambrill

Global mergers and acquisitions (M&A) activity over the past five years — which reached a total value of almost $3.5 trillion in 2018 — led to a starburst of transactional insurance last year. Transactional risk insurance covers risks related to

News InsuranceMergers and Aqcuisitions

Major insurer ‘actively’ looking at insurance risk linked to M&A in Canada

January 21, 2019 by Greg Meckbach

Commercial brokers advising Canadian clients involved in mergers and acquisitions could soon have another market to which they could place transactional risk. The Travelers Companies Inc. announced Jan. 15 it plans to offer transactional risk insurance in the United States.

News Mergers and AqcuisitionsRisk

Hot opportunity in this Canadian insurance line is linked to M&A

August 24, 2018 by Greg Meckbach

Representations and warranties (R&W) insurance is becoming a hot market, as commercial clients wonder whether mergers and acquisitions could expose them to unforeseen liabilities. In Canada, the R&W market “has really expanded,” according to Brian Kelly, a Montreal-based managing partner

News InsuranceMergers and AqcuisitionsReinsurance

Allied World board members concerned in 2016 with ‘protracted negotiations’ with un-named prospective buyer: SEC filing

May 23, 2017 by Canadian Underwriter

Six months before announcing its proposed acquisition by Toronto-based Fairfax Financial Holdings Ltd., commercial insurer Allied World Assurance Company Holdings AG received an offer letter from an un-named prospective buyer for $48 a share, recently-released documents indicate. Fairfax and Zug,

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio up 3.1 points for Allied World

May 1, 2017 by Canadian Underwriter

Allied World Assurance Company Holdings AG, which is expected to have a new Canadian corporate parent, recently reported a 3.1-point deterioration, year over year, in its first-quarter combined ratio, nearly a month after Cyclone Debbie hit the north shore of

News InsuranceMergers and Aqcuisitions

M&A insurance claims rising, 23% of deals over US$1 billion end in a claim: AIG study

April 20, 2017 by Canadian Underwriter

The frequency of insurance claims related to mergers and acquisitions (M&A) is rising as large deals prove risky and the average payout on the most severe category of claims tops US$20 million, according to a new global study from American

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

New Allianz unit to write representations and warranties insurance in Canada

July 20, 2016 by Canadian Underwriter

Allianz Global Corporate & Specialty (AGCS) SE announced Wednesday its new transactional liability unit in North America. “This new practice will offer financial protection specifically to protect against inaccuracies made about target companies or businesses in connection with mergers, acquisitions

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Berkshire Hathaway Specialty Insurance enters into transactional liability insurance market in Canada and the U.S.

July 19, 2016 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it has expanded into the transactional liability insurance market in Canada and the United States. BHSI also said in a press release that it has named Robert Underhill as senior vice

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta

June 14, 2016 by Canadian Underwriter

Ironshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who