35 min
10: Going Global: Using Transactional Risk Insurance on International Transactions Into the Breach
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- Business
With the inter-connected nature of the global economy, M&A deals today frequently have international components. The transactional risk insurance markets have largely “split” by geography in terms of policy type, with “W&I” policies underwritten in Europe and Asia generally offering less robust coverage than “RWI” policies in North America. Some creative carriers have started to offer special “hybrid” policies to bridge the gulf in international deals and offer an integrated insurance solution that borrows from the best of both policy types with appropriate safeguards for insurers. In this episode, Bryan and Gena are joined by A.J. Kritzman, Senior Underwriter, Transactional Risk Insurance, Tokio Marine HCC, to discuss:
• An overview of international transactional risk insurance
• The key structural policy differences between “W&I” policies underwritten by carriers in Europe and Asia and “RWI” policies underwritten by North America carriers
• The treatment of disclosures and scheduled items under each policy type
• Current pricing trends for “W&I” and “RWI”
• How Tokio Marine can design a hybrid policy borrowing elements of “W&I” and “RWI” for your next international transaction
With the inter-connected nature of the global economy, M&A deals today frequently have international components. The transactional risk insurance markets have largely “split” by geography in terms of policy type, with “W&I” policies underwritten in Europe and Asia generally offering less robust coverage than “RWI” policies in North America. Some creative carriers have started to offer special “hybrid” policies to bridge the gulf in international deals and offer an integrated insurance solution that borrows from the best of both policy types with appropriate safeguards for insurers. In this episode, Bryan and Gena are joined by A.J. Kritzman, Senior Underwriter, Transactional Risk Insurance, Tokio Marine HCC, to discuss:
• An overview of international transactional risk insurance
• The key structural policy differences between “W&I” policies underwritten by carriers in Europe and Asia and “RWI” policies underwritten by North America carriers
• The treatment of disclosures and scheduled items under each policy type
• Current pricing trends for “W&I” and “RWI”
• How Tokio Marine can design a hybrid policy borrowing elements of “W&I” and “RWI” for your next international transaction
35 min