Representation and Warranty Insurance: Exploring Trends, Updates, and Challenges Amidst the COVID-19 Pandemic
Recording Available: Tuesday, December 01, 2020
The current global health crisis brought by COVID-19 continues to radically modify important economic activities across the world. In response to the pandemic, the representations and warranties (R&W) insurance landscape has also started to witness notable developments, specifically in relation with COVID-19-related exclusions and due diligence expectations.
Thus, insurers, clients and all concerned individuals must always be in the know of the latest R&W insurance trends and developments. Reviewing the potential risks and pitfalls is essential in consolidating new strategies for effective compliance.
Join representation and warranty insurance experts Michael Coburn (Cooley LLP) and Jonah Goldberg (Liberty Global Transaction Solutions) as they delve into an in-depth discussion of the impacts and challenges arising in R&W insurance amidst the COVID-19 pandemic. Speakers will offer practical tips and strategies in light of the recent trends as well as an outlook of what's ahead.
Key issues that will be covered in this course are:
- R&W Insurance and the COVID-19 Pandemic
- Impacts and Changes
- Risks and Pitfalls
- COVID-19-Related Exclusions
- Due Diligence Expectations
- Claims and Coverage Updates
- Best Practices and Strategies
Liberty Global Transaction Solutions
- Overview of current RWI market (trends in coverage, pricing, deal volume, etc.) specifically touching on Canada in addition to the US
- Benefits of obtaining RWI
- RWI and COVID-19
- How the product initially responded to COVID-19 and how things have changed since COVID-19
- Current approach to underwriting to COVID-19
- Areas of heightened concern for underwriters (specific reps, definition of MAE, long interim periods, etc.)
- Due diligence expectations
Who Should Attend:
- Insurance Brokers
- Insurance Lawyers and Advisors
- M&A Professionals
- M&A Lawyers
- Top Level Management
Michael Coburn’s practice is focused on advising insurtechs, insureds, insurers, venture capital firms, reinsurers and brokers on a broad range of regulatory and transactional matters. Michael has extensive experience in the insurtech space, including advising on the formation and licensing of startup insurtech companies, negotiating partnership agreements on behalf of insurtechs with insurance carriers, drafting innovative policies and providing general regulatory advice to insurtechs. He also provides insurance related advice on mergers & acquisitions as well commercial litigation, including assisting in the procurement and negotiation of representation and warranty insurance, conducting insurance-related diligence and providing insurance regulatory advice during litigation. Prior to joining Cooley, Michael was a corporate associate at Debevoise & Plimpton in their insurance practice group.
Prior to joining Cooley, Michael was a corporate associate at Debevoise & Plimpton in their insurance practice group.
Michael Coburn’s practice is focused on advising insurtechs, insureds, insurers, venture capital firms, reinsurers and brokers on a broad range …
Jonah is based in Toronto and is Liberty GTS’ primary contact for all transactional risk products in Canada. Jonah has extensive experience as a corporate lawyer both in-house and in private practice having advised internal and external clients across a range of sectors including financial services, life sciences, technology and FinTech. Prior to joining Liberty GTS, Jonah was in-house counsel at Royal Bank of Canada (RBC) providing strategic advice and guidance on RBC’s enterprise M&A and innovation activity. Prior to RBC, Jonah spent four years at Torys LLP where his practice focused on cross-border mergers, acquisitions and private equity transactions. Jonah holds a JD degree from Queen’s University and is admitted to the bar in the Province of Ontario.
Jonah is based in Toronto and is Liberty GTS’ primary contact for all transactional risk products in Canada. Jonah has …
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Method of Presentation:
General knowledge of business insurance
NY Category of CLE Credit:
Areas of Professional Practice
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About Cooley LLP
About Liberty Global Transaction Solutions
Liberty Global Transaction Solutions (GTS) is one of the largest global mergers and acquisitions (M&A) insurance teams in the industry. With more than 60 specialists, we have helped facilitate over 500 M&A deals a year on average—successfully insuring thousands of transactions since our inception. Liberty GTS has a presence in eleven jurisdictions throughout EMEA, the Americas and APAC. The Liberty GTS underwriters average more than eight years’ direct M&A experience across a variety of industry sectors. Liberty GTS offers specialized products and services to help facilitate M&A transactions for buyers and sellers, including Representations & Warranties (R&W),Tax Liability Insurance and one-off policies created for individual contingent risks. To learn more, visit www.libertygts.com.