Representation and Warranty Insurance and Transactional Risk Insurance in M&A Deals: A Practical Guide in 2020
Over the past years, transactional risk insurance has been a key player in many successful mergers & acquisitions (M&A) deals by reducing deal risk in the current competitive landscape. Businesses across the globe are turning to it in record numbers. As the M&A activity continues to increase, the demand for transactional risk insurance, particularly representations and warranties insurance (RW&I), is also expected to skyrocket.
While transactional risk insurance policies offer numerous benefits for deal parties, they don't come without traps. To ensure that benefits are maximized and threats are mitigated, deal lawyers and other professionals should be aware of the potential issues that may arise in structuring and negotiating coverage and exclusions.
This course offers an overview of the latest trends and issues in the transactional risk insurance market, especially in the representations and warranty insurance policies. A panel of thought leaders and practitioners brought together by The Knowledge Group will help professionals better understand how to apply these business trends to their company and/or clients. They will also present strategic considerations and best practices in negotiating coverage and exclusions in 2020.
Key topics include:
- The Transactional Insurance Market: Statistics
- Types of Transactional Insurance
- RW&I in M&A
- Potential Risk Issues
- Key Strategic Considerations
- Best Practices in Negotiating Coverage and Exclusions
Jacob Borth, Assistant Vice President, Mergers & Acquisitions
Alliant Insurance Services, Inc.
Taiesha McBroom, Vice President, Corporate Counsel
John M. Vasily, Partner
Debevoise & Plimpton LLP
- The Basics of R&W Insurance, the Market and the Insurer
- Views from the Customer Perspective
- Key Legal Considerations
Who Should Attend:
- M&A Lawyers
- Transactional Lawyers
- M&A Executives
- Corporate Risk Management Officers
- Legal Advisors
- Insurance Advisers
- Top Level Management
Jacob is an Assistant Vice President at Alliant Insurance Services. Jacob acts as advisor and liaison between clients and various insurance carriers, servicing clients’ risk management needs and more specifically in the transactional liability space. Jacob also executes request for proposal preparation/presentation and insurance carrier negotiations, in addition to his role growing Alliant’s M&A practice.
Jacob began in the insurance industry in 2011 and specializes in Reps & Warranties/Transactional Liability. Jacob provides customized solutions that help prevent and respond to liability exposures and has further experience in Directors & Officers and Professional Liability coverages.
Prior to joining Alliant in 2014, Jacob worked as a commercial bank analyst for JPMorgan Chase, a Project Manager for Penske Automotive, followed by his introduction into insurance, whereby he underwrote publicly-traded companies at AIG and later brokering these products at Marsh & McClennan in Chicago, IL.
Jacob earned a BA in English Literature and Law & Commerce from Miami University (OH) and an MA in International Business from Regents University London.
Jacob is an Assistant Vice President at Alliant Insurance Services. Jacob acts as advisor and liaison between clients and various …
Taiesha L. McBroom is Vice President, Corporate Counsel at Prudential Financial, Inc., where she is part of the M&A Law Team and is responsible for supporting Prudential’s M&A activities and other strategic initiatives, working alongside its Corporate Development group. Prior to joining Prudential, Taiesha was Vice President – Managing Counsel and Chief Counsel – Strategic Transactions at Thrivent Financial, and prior to that was Sr. Counsel, Asset Management Law, where she advised on investments for the general account, focusing on private equity and private placements of investment-grade corporate bonds. Previously, she was a partner at Dorsey & Whitney, where her practice focused on strategic, buy-side M&A. She did her undergraduate work in Government at Cornell University, and graduated cum laude from the University of Minnesota Law School. She is a Fellow of the Leadership Council on Legal Diversity and a Fellow in the American College of Investment Counsel.
Taiesha L. McBroom is Vice President, Corporate Counsel at Prudential Financial, Inc., where she is part of the M&A Law …
John Vasily is Co-Chair of Debevoise’s Financial Institutions Group. His practice is dedicated to handling insurance M&A deals, public and private, in the United States and other major markets. Mr. Vasily occupies a unique space in the insurance transactional market, focusing his practice on significant U.S. insurance M&A deals as well as transactions in emerging markets, including Asia, Africa, Latin America, Russia and Europe. Few lawyers practicing in the insurance space have done as many deals, in as many countries, as Mr. Vasily. He is recognized by IFLR1000, Chambers USA, and The Legal 500 US, and is a member of The Legal 500’s Hall of Fame.
Mr. Vasily received a J.D. from Georgetown Law Center and a B.S. from Villanova University. He is a recent recipient of the Law Center's Paul R. Dean award, awarded to distinguished alumni.
John Vasily is Co-Chair of Debevoise’s Financial Institutions Group. His practice is dedicated to handling insurance M&A deals, public and …
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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 Alliant Insurance Services, Inc.
Alliant Insurance Services is one of the nation’s leading and fastest growing distributors of diversified insurance products and services. In the face of increasing complexity, our approach is simple: bring on the best people and invest more deeply in the industries and clients we serve. We operate through a network of specialized national platforms and regional offices to offer a comprehensive portfolio of services to our clients. Our goal is to ensure that they get the most innovative product and the most innovative thinking in the industry. www.alliant.com
About Prudential Financial
Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1 trillion in assets under management as of September 30, 2019, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.
About Debevoise & Plimpton LLP
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. Clients look to them to bring a distinctively high degree of quality, intensity and creativity to resolve legal challenges effectively and cost efficiently.
Debevoise’s diverse teams bring extensive industry experience, a strategic approach and a global perspective to every matter. Their lawyers are ambitious, intelligent, dynamic and diverse individuals who are committed to being analytically strong, professionally curious and fundamentally knowledgeable about their markets while maintaining the highest ethical standards and building lasting client relationships. Through true collaboration, Debevoise draws on the strength of their culture and structure to deliver the best of the firm to every client.