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Risk in Context Podcast: Better understanding of transactional risk insurance value fuels continued demand

As outlined in Marsh’s recent Transactional risk insurance 2022: Year in review report, transactional risk insurance is being widely adopted across industries, geographies, and transaction sizes.
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Despite a drop in transactions from 2021’s record highs, demand for transactional risk insurance remained strong in 2022 as increased recognition of the value of this coverage propelled it to become a mainstream feature on mergers and acquisitions. As outlined in Marsh’s recent Transactional risk insurance 2022: Year in review report, transactional risk insurance is being widely adopted across industries, geographies, and transaction sizes.

In this episode of Risk in Context, Craig Schioppo, Marsh’s Global Head of Transactional Risk, talks to colleagues Craig Warnke, Hans Swolin, Leo Flindall, Kane Sim, and Haoren Fu about the growing transactional risk insurance market and trends seen in different regions, and they share advice on how to manage transactional risks in 2023 and beyond.

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Key takeaways

M&A activity remains strong

Despite a volatile economic landscape, the M&A market remains active. Participants are being thoughtful about their investments and looking very closely at transactions.

Insurers innovating to differentiate

With a smaller pool of transactions to compete for, insurers are looking for ways to innovate their insurance solutions and find new ways to deploy their capacity, underscoring the importance of engaging in early conversations with underwriters to secure the most appropriate coverage.

Evolving risks require wider pre-acquisition diligence

In an increasingly more complex world, M&A participants need to expand their due diligence processes to cover a wider risk landscape that includes areas such as cyber and environmental risks.

About our speakers

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Craig Schioppo

Global Head, Transactional Risk

  • United States

Craig Schioppo is Marsh’s Global Head of transactional risk. He oversees a global team of specialists responsible for the delivery of transactional risk insurance solutions, including representations and warranties insurance, to private equity and strategic investor clients engaged in mergers and acquisitions around the world.

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Craig Warnke

Chief Operating Officer, Transactional Risk, North America

  • United States

Craig Warnke is a managing director within Marsh’s Transactional Risk Practice. Specializing in transactional risk insurance, he is responsible for advising clients primarily on representations and warranties insurance.

Hans Swolin

Hans Swolin

Co-Head Transactional Risk Europe, Middle East & Africa | Head of Nordics, Private Equity and M&A

  • Sweden

Hans Swolin is a co-head of Marsh’s Transactional Risk Practice for Europe, the Middle East, and Africa. He also leads the Nordics Private Equity and M&A Practice. Alongside a cross-border team, he helps develop solutions that enable corporates, private equity firms, alternative asset managers, lenders, and infrastructure investors to manage their M&A risks.

Leo Flindall

Leo Flindall

Co-Head, Transactional Risk, UK

  • United Kingdom

Leo Flindall is the co-lead of Marsh’s UK Transactional Risk Practice. Since joining Marsh in 2012, he has advised on over 500 transactions and has worked closely with a broad range of clients, including private equity funds and corporates.

Kane Sim

Kane Sim

Head of Transactional Risk, Pacific

  • Australia

Kane Sim leads Marsh’s Transactional Risk Practice in the Pacific region. In this role, he provides strategic risk management advice to clients for their merger and acquisition transactions and structures bespoke solutions to help transfer deal risks to the insurance market.

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Haoren Fu

Head of Transactional Risk, Asia

  • Singapore

Based in Singapore, Haoren Fu leads Marsh’s Transactional Risk Practice in Asia. His key responsibilities include overseeing the development and placement of transactional risk insurance products, which include Warranty & Indemnity (W&I) Insurance, Tax Liability Insurance, and Contingent Risk Insurance, across the region. He also manages Marsh Asia’s relationships with insurers to help clients access the best coverage options.

Related insights

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change.

 

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