Practical Tips and Strategies in Managing Environmental and Transactional Risk Insurance: What You Need to Know
Overview:
The merger and acquisition (M&A) transaction process is getting increasingly complex due to the many factors which include deal parties’ conflicting interests. As a result, investors and private equity companies worldwide are now turning to transactional risk insurance to reduce the risks brought by the current M&A landscape.
While transactional risk insurance provides numerous benefits for deal parties, it doesn’t come without traps. Deal lawyers and other professionals should be aware of the potential issues that may arise in negotiating and structuring coverage and exclusions. This is to ensure that benefits are maximized, and pitfalls are mitigated.
This course offers an overview of the latest trends and issues in transactional risk insurance. A panel of thought leaders and practitioners brought together by The Knowledge Group will help professionals better understand how to apply this business trend to their company and/or clients. They will also present best practices in negotiating coverage and exclusions.
Key topics include:
- Common Environmental Transactional Concerns
- Environmental Insurance in M&A
- Reps and Warranties Insurance (RWI) and Environmental Insurance
- Key Considerations
- Best Practices in Negotiating Coverage and Exclusions
Agenda:
Kenneth Cornell, Managing Principal
Enviant
- Tools for managing environmental risk
- Common Environmental Transactional Concerns
- Traditional Environmental Risk Management Tools for Transactions
- Role of Environmental Insurance in Mergers and Acquisitions
- Environmental Site Pollution (ESP) Insurance
Phil Casper, Principal
Euclid Transactional LLC
- Basics of RWI
- RWI in context of an environmentally sensitive transaction
- Differences between RWI and Environmental Insurance
- How to use RWI and Environmental Insurance together
Who Should Attend:
- M&A Lawyers
- M&A Professionals
- Private and Public Companies
- Insurance Companies
- Insurers
- Underwriters
- Legal Executives
- In-house Counsel and Advisers
- Risk and Compliance Officers
- Other Related/Interested Professionals
Ken Cornell is Managing Principal of Enviant, a Division of Euclid Environmental Underwriters, LLC. Ken, along with a team of …
Phil Casper is a founder and Principal of Euclid Transactional, LLC (“ET”), a managing general agency that underwrites transactional liability …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
General knowledge of business insurance
Course Code:
147584
NY Category of CLE Credit:
Areas of Professional Practice
Total Credit:
1.0 CLE
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SPEAKERS' FIRMS:
About Enviant
Enviant is focused exclusively on providing a comprehensive suite of environmental insurance products and services to a range of commercial clients. With a highly experienced team of technical experts, a one-of-a-kind approach to underwriting, and a comprehensive service profile, Enviant stands apart as a thoroughly unique approach to environmental insurance and risk management. Enviant is a division of Euclid Environmental Underwriters, LLC part of the Euclid Program Managers family of program administrators. Enviant is a managing general agent and Lloyd’s coverholder, offering insurance products backed by Lloyd’s of London.
Website: https://enviant.com/
About Euclid Transactional LLC
Euclid Transactional is a managing general agency specializing in the underwriting of representations & warranties, tax liability, contingent liability and other transitional insurance coverages. With offices in New York, London, Chicago and Toronto Euclid assists clients in North America, Europe, the Middle East and Africa. Euclid Transactional is owned and operated by a team of underwriters dedicated to providing best-in-class service, deal execution and claims handling. The team collectively has over 80 years of M&A and transactional insurance experience and has been involved in the underwriting of thousands of transactional insurance policies and billions of dollars of transactional risk.
Website: https://euclidtransactional.com/