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Risk in Context Podcast: Managing global tax risks through insurance

Discover how organizations around the globe are using tax insurance to manage tax uncertainties.

01/27/2026 · 2 minute read

Insurance is fast becoming an essential tool for organizations around the globe to manage tax uncertainties, with significant growth driven by increasingly complex regulatory environments and evolving tax credit frameworks, particularly in the renewable energy sector.

Despite market-specific nuances, an expanding insurer base and generally competitive pricing are making tax insurance more accessible, with ongoing developments suggesting that coverage of sophisticated risks, such as transfer pricing and valuation disputes, will become increasingly available.

In this episode of Risk in Context, Patrick Browne, Senior Vice President within Marsh’s Transactional Risk Practice, Mark McTigue, Tax Insurance Leader, North America, Alexander Skuratovski, Head of the Tax Insurance Business, Europe, and Leon Steenkamp, Head of Tax Insurance, UK, discuss why tax insurance matters now more than ever, talk about distinct market features of the coverage, and share practical insights to help organizations optimize their use of tax insurance in today's dynamic environment.

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Key takeaways

Tax insurance expands beyond M&A

Originally focused on M&A transactions, tax insurance has evolved into a versatile tool used across industries, notably in renewable energy, to manage tax uncertainties, and to facilitate complex deals with greater financial certainty.

Strategic tax risk mitigation gains traction

Organizations are increasingly using tax insurance to address complex tax risks such as internal restructurings, partnership issues, and preservation of tax attributes, providing a financial backstop beyond traditional legal opinions.

Early engagement optimizes coverage and cost

Securing high-quality tax advice and approaching insurers early — ideally before filing tax positions — enables organizations to secure more comprehensive, cost-effective coverage that aligns with their financial goals.

About our speakers

Patrick Browne

Patrick J. Browne Jr

Senior Vice President, Transactional Risk Practice

  • United States

Patrick Browne is a Senior Vice President in Marsh’s Transactional Risk Practice, where he focuses on creating tax insurance solutions for clients on a wide range of US federal, state, local, and foreign income tax matters. His areas of focus include tax insurance solutions in connection with restructurings, M&A transactions, mitigation of balance sheet tax exposures, and the financing and structuring of renewable energy and low carbon projects (including renewable energy tax credits). 

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Leon Steenkamp

Head of Tax Insurance, UK

  • United Kingdom

Leon Steenkamp is the Head of Tax Insurance in Marsh’s UK Transactional Risk practice. Since joining Marsh in 2018, he has advised on numerous tax risks and tax policies with insurance limits from US$1 million to limits in excess of US$800 million for a single policy, working closely with a broad range of clients, including private equity funds and corporates. Prior to joining Marsh, he worked at EY London, where he was a Tax Director in the M&A tax team. 

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Alexander Skuratovski

Head of the Tax Insurance Business, Europe

  • Germany

Alexander Skuratovski heads Marsh’s Tax Insurance Business in Europe. He is a German-qualified attorney and tax advisor with over 20 years of experience advising international clients on tax matters, with a focus on M&A and tax restructuring. Since 2020, he has been serving as Head of Tax Risk for Marsh in Germany. In 2024, he assumed the role of Head of the Tax Insurance Business for Europe. Prior to his current position at Marsh, he worked as a Senior Tax Underwriter (M&A) at AIG in Frankfurt. Before that, he held the role of Tax Director at PwC for several years.

Mark McTigue

Mark McTigue

Tax Insurance Leader, North America

  • United States

Mark McTigue is a Managing Director in Marsh’s Transactional Risk Practice, and co-leads the tax insurance business in North America. He is an expert in the field of transactional risk insurance for tax risk. He is also involved in the placement of other insurance products encountered on M&A deals (R&W and contingent). Specifically, he focuses on creating bespoke tax insurance solutions for clients on a wide range of US federal, state, local, and foreign income tax matters. 

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