Cover that helps to safeguard transactions and reduce uncertainty
We recognise that despite the thorough processes of due diligence and disclosure, the risk of the unknown is inherent in any mergers and acquisitions (M&A) deal. Our Warranty & Indemnity (W&I), Tax Liability and Contingent Liability insurance options help protect both buyers and sellers from unknown risks, facilitate a smooth transaction and provide cover after the deal completes.
Why choose Aviva Mergers and Acquisitions
Mergers and Acquisitions (M&A) cover is underwritten by a dedicated team of experts.
- We offer cover to many different sectors and industries such as private equity funds, venture capital funds, major corporations, trade / strategic enterprises, individuals and charities
- We can offer cover to a person or company buying or selling a business or asset through a corporate sale under which the seller is giving contractual warranty statements
- Through our products such as W&I, Tax Liability and Contingent Liability insurance options, we can offer protection throughout the M&A process
What does the cover do?
Warranty and Indemnity
The main purpose of warranties and indemnities cover is to protect a company which is involved in a merger or an acquisition from a financial loss or liability. Our W&I insurance provides cover for historic unknown liabilities arising from a warranty breach by the seller, which results in loss to the buyer. A warranty breach is where one or more of the statements was untrue when given by the seller. This cover can be purchased by either the buyer or the seller. A seller may actually make buyer’s W&I cover a condition of an acquisition, as it can safeguard the seller against any liability following the sale. It can demonstrate a show of faith by the buyer, especially if the seller will be remaining with the business after its sale.
Tax & Contingent Liability
This provides cover in the event that the legal interpretation of a tax requirement or other liability is challenged or overturned, resulting in a demand for payment.
GCS Mergers and Acquisitions Lead
Richard Belsey
Richard is the head of M&A Underwriting within the Global Corporate & Specialty division of AVIVA. He is a UK-qualified lawyer with 20 years of professional experience as an M&A lawyer, M&A insurance underwriter and M&A insurance broker.
Richard has led several mid-market and large-cap cross-border and UK M&A deals across various sectors (with a particular focus on prime real estate, infrastructure and financial services).
Multinational Capabilities
We can lead global insurance programmes worldwide through our London-based Multinational Hub and our partner network covering 170 global territories. We strive to provide a seamless, client-focused end-to-end service – creating controlled master programmes for corporate clients.
Our underwriting appetite
Our diverse underwriting appetite allows us to write more than you may think.