Mergers & Acquisitions: Key Insurance Issues

Mergers & Acquisitions – Key Insurance Issues

With Diane Jenkins of Nick Thomas Associates

When: Wednesday 1^st May 12:00-13:00

Overview:

This session looks at some of the insurance issues faced during a client merger or acquisition and explores some of the insurance solutions available

Objectives:

• Be aware of the key insurance considerations during a client merger or acquisition
• Understand how additional liabilities may be acquired
• Know the additional insurance products available to deal with M&A risks

Content & Learning:

• Types of M&A – management buyouts, private equity investment, acquisitions of new subsidiaries, refinancing
• Common insurance issues seen in a M&A:
  • Past liabilities that may be acquired (e.g., TUPE, environmental)
  • Run -off issues (PI, products) o
  • D&O issues (change of control clauses, run-off)
  • Asset cover between signing and completion (contracting purchasers’ clauses, BI)

• Checking a sale/purchase agreement (SPA)
• Transaction liability products (W&I, Tax Indemnity, Legal Opinion)
• Legal indemnities (e.g., restrictive covenants, lost documents)

About the Speaker:

Diane is now one of the most highly respected technical insurance trainers to the insurance market. Diane’s strength is in practical application of knowledge with specific specialisms including Business Interruption, Cyber and Property Owners. She is the Education Secretary and former chairperson of the London Business Interruption Association. She was part of the IIL Advance Study Group - Business Interruption Policy Wordings and has collaborated with the authors of several Business Interruption textbooks.

She is a member of the Cyber Insurance Association, and she carries out the insurance cyber policy reviews for Cyber|Decider (https://www.cyberdecider.com/) Diane’s work includes delivery as an Associate for Nick Thomas & Associates.

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