Risk in Context Podcast: Collaboration helps improve outcomes of M&A claims

Mergers and acquisitions (M&A) can bring with them a plethora of risks for the parties involved.

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Mergers and acquisitions (M&A) can bring with them a plethora of risks for the parties involved. Buyers are increasingly relying on representations and warranties insurance to provide protection against any contractual misrepresentations that are made during the negotiation process.

In this episode of Risk in Context, Alexandra Tanner, head of private equity and M&A claims for Marsh UK and Ireland, talks to Ashley Parsa, senior vice president within Marsh’s Transactional Risk Practice in the US, Marnix Terpstra, head of transactional risk claims for Continental Europe, and Pin Li Lim, who leads Marsh’s claims solutions (FINPRO) team in South Asia. They share insights into claims trends across different regions and discuss how a more collaborative claims process can increase the odds for success.

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Key takeaways

Growth in policy placements leads to steep rise in claim notifications.

As more buyers understand the benefits of representations and warranties (R&W) coverage, there has been an increase in policy placements, and a subsequent rise in claims.

Collaborative approach facilitates claims process.

The claims process tends to go more smoothly when insureds and insurers collaborate and share the needed information in a timely manner.

COVID-19 pandemic affected both M&A activity and claims.

As businesses focused on recovery and faced economic strain during the early months of the pandemic, M&A activity slowed down and the number of claims notifications dropped.

About our speakers

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Alexandra Tanner

Head, PEMA Claims, Marsh UK and Ireland

Alexandra Tanner heads the PEMA claims team for Marsh UK and Ireland. She specializes in warranty indemnity insurance policies and specific tax risks.

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Ashley Parsa

Senior vice president, Transactional Risk Practice

Ashley Parsa handles claims for Marsh’s transactional risk group in North America. She also has experience as a broker in Marsh’s transactional risk group. Prior to joining Marsh in 2015, she worked as a representations and warranties insurance underwriter at AIG.

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Marnix Terpstra

Head of Transactional Risk Claims, Continental Europe

Marnix Terpstra heads Marsh’s transactional risk claims team for Continental Europe. Before joining Marsh in January 2022, he worked at an insurance company, specializing in warranty and indemnity claims, and as a loss adjuster.

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Pin Li Lim

Lead, Claims Solutions (FINPRO)

Pin Li Lim is the South Asia team lead for claims solutions (FINPRO) Asia, specializing in transactional risks and financial lines claims. Prior to joining Marsh, he was an advocate and solicitor at a number of law firms in Singapore. During his career, he has advocated on behalf of government-linked companies, private equity funds, and sovereign wealth funds.