IUA launches London forum for mergers and acquisitions insurance focus

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A new London company market forum, operated by the International Underwriting Association (IUA), which represents London-based international and wholesale insurance and reinsurance companies, is centring its efforts on warranty and indemnity insurance.

International-Underwriting-Association-2This type of insurance is crucial in mergers and acquisitions, helping to mitigate losses stemming from contractual warranties.

Recently formed, the Transactional Liability Committee comprises senior underwriting participants from IUA member firms specialising in this area.

The committee convened its inaugural meeting with representatives from 20 diverse companies in attendance.

Chris Jones, IUA Director of Legal, Underwriting and Claims, commented: “In recent years the warranty and indemnity sector in the London company market has grown and there is now a significant community of practitioners providing cover.”

“Our new committee will provide a useful forum for networking opportunities and sharing of best practice. The group will also investigate research projects and represent member interests. Some of the issues it may address include the standardisation of non-disclosure agreements, good practice for meeting Know Your Customer rules and thematic loss trends,” continued Jones.

Angus Marshall, Head of Transaction Liability at CFC, will chair the committee, with Calum McPherson, Head of Financial and Transactional at Axis Capital, serving as Deputy Chair.

The post IUA launches London forum for mergers and acquisitions insurance focus appeared first on ReinsuranceNe.ws.

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