Newfront M&A Advisory Practice Leader, Josh Warren, Featured on Seyfarth's Into the Breach Podcast
Despite the key role that a target company’s underlying insurance plays in representations and warranties insurance (RWI), insurance due diligence is not always well understood, often relegated to five minutes on the underwriting call and lacking the detail typically seen in other specialist areas. To help underwriters better understand underlying insurance policies and the critical role that other underlying insurance plays in deals utilizing representations and warranties insurance, Josh Warren, Newfront’s M&A Advisory Practice Leader joined Seyfarth’s Bryan O’Keefe and Gena B. Usenheimer on their podcast, Into the Breach.
Together, they discussed the following topics:
- How RWI underwriters can assess the risk associated with the target company’s underlying insurance policies.
- An explanation of prior bad acts coverage and tail policies.
- In what circumstances underlying insurers will — and will not — waive change in control provisions.
- What is really meant to sit “excess of and no broader than” the underlying insurance and the pros and cons of using this approach to limit RWI risk.
- How other specialty insurance products — successor liability, discontinued products — can be used in tandem with RWI to achieve positive outcomes for insured and insurers alike.
- Guidelines on assessing coverage limits in common underlying insurance, such as cyber insurance.
Click here to listen to the full podcast episode, also available on Spotify, Apple Podcasts, and Google Podcasts. To learn more about our work with reps and warranties insurance, visit our M&A Advisory page.
About the author
A Better Day Starts Here
Newfront is transforming the delivery of risk management, employee experience, insurance, and retirement solutions by building the modern insurance platform. Transparent data delivered real-time translates into a lower total cost of risk and greater insights. Newfront makes insurance work for you.
The information provided is of a general nature and an educational resource. It is not intended to provide advice or address the situation of any particular individual or entity. Any recipient shall be responsible for the use to which it puts this document. Newfront shall have no liability for the information provided. While care has been taken to produce this document, Newfront does not warrant, represent or guarantee the completeness, accuracy, adequacy, or fitness with respect to the information contained in this document. The information provided does not reflect new circumstances, or additional regulatory and legal changes. The issues addressed may have legal, financial, and health implications, and we recommend you speak to your legal, financial, and health advisors before acting on any of the information provided.
Share this article
Keep up to date with Newfront News and Events—
Newfront’s Guide to Bank Closures and Insurance: Five Considerations for Protecting Your Assets
March 16th 2023