Welcome to Advisens Transaction Insurance Insights Conference - - PowerPoint PPT Presentation

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Welcome to Advisens Transaction Insurance Insights Conference - - PowerPoint PPT Presentation

Jan 17, 2023 290 likes •782 views

Welcome to Advisens Transaction Insurance Insights Conference Welcoming Remarks Rebecca Bole EVP & Editor-in-Chief Advisen Leading the way to smarter and more efficient risk and insurance communities, Advisen delivers: The right

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Welcome to Advisen’s Transaction Insurance Insights Conference

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Welcoming Remarks

Rebecca Bole EVP & Editor-in-Chief Advisen

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Leading the way to smarter and more efficient risk and insurance communities, Advisen delivers: The right information into The right hands at The right time To power performance

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Thank you to our Advisory Board!

Markus Bolsinger, Dechert LLP Allyson Coyne, Aon Wayne Datz, Allied World Randy Hein, Berkley Transactional Dennis Kearns, QBE [2017 Conference Chair] Peter Rosen, Latham & Watkins LLP Jeff Rubocki, Krauter & Company

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Sign up for your free FPN Professional trial at: http://info.advisenltd.com/fpn-30-day-trial/

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Thank you to our Sponsors!

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Opening Remarks

Dennis Kearns SVP, Transactional & Financial Institutions QBE 2017 Conference Chair

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What’s New? An Update

  • n Marketplace Metrics
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What’s New An Update on Marketplace Metrics

Craig Schioppo Transactional Risk Practice Leader, Managing Director Marsh Craig Warnke Managing Director, Transactional Risk Practice Marsh

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MARSH

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Transactional Risk Insurance Overview

2016

  • $6.03 billion in limits

2015

  • $4.26 billion in limits

2014

  • $2.73 billion in limits

2013

  • $1.34 billion in limits

2012

  • $1.43 billion in limits

2011

  • $767 million in limits

2010

  • $387 million in limits

Significant growth in North America during last 7 years

North America Market Statistics for Marsh

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MARSH

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Transactional Risk Insurance Overview

The market now offers:

  • Broader coverage
  • Streamlined process
  • Increased limits of liability
  • Reduced premium rates and

deductible levels Global Market Statistics for 2016 (Marsh)

The transactional risk insurance market has continued to evolve in recent years and can provide more innovative insurance solutions than ever.

US$ AMERICAS EMEA ASIA PACIFIC TOTAL Limits of insurance placed ($) 6,025,000,000 6,422,000,000 2,276,000,000 14,723,000,000 Private equity policies (as % of policies placed) 56% 52% 53% 54% Corporate policies (as %

  • f policies placed)

44% 48% 47% 46% Seller-side R&W policies (as % of R&W policies placed) 1% 4% 7% 3% Buyer-side R&W policies (as % of R&W policies placed) 99% 96% 93% 97%

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MARSH

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Reps & Warranties Insurance: State of the Market

Increased popularity and well-developed market

  • 1,000+ deals completed annually (split between corporate and PE buyers)

Target transactions and market trends

  • Transactions between $25M – $3B+
  • Limits available up to $600M+ per transaction
  • Generally no restrictions on industry sector

Insurer commitment

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The Buyer’s Perspective

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The Buyer’s Perspective

Randy Hein President Berkley Transactional, a division of Berkley Professional Liability, LLC Moderator

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  • Randy Hein, President, Berkley Transactional, a division of

Berkley Professional Liability, LLC (Moderator)

  • Markus Bolsinger, Partner, Dechert LLP
  • Emilio Pedroni, Managing Director, First Atlantic Capital, Ltd.
  • Steven Siesser, Partner and Co-Chair, Transactions &

Advisory Group, Lowenstein Sandler LLP

The Buyer’s Perspective

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Randy Hein Berkley Transactional Markus Bolsinger Dechert LLP Emilio Pedroni First Atlantic Capital, Ltd. Steven Siesser Lowenstein Sandler LLP

The Buyer’s Perspective

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Morning Break

Coming up next… Coverage and the Underwriting Process

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Thank you to our Sponsors!

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Coverage and the Underwriting Process

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Coverage and the Underwriting Process

Dennis Kearns SVP, Transactional & Financial Institutions QBE Moderator

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  • Dennis Kearns, Senior Vice President, Transactional and

Financial Institutions, QBE (Moderator)

  • Leah Coakley, Vice President, Transaction Liability Group,

Lockton Companies, LLC

  • Jessica H. Sicsu, Partner, Kirkland & Ellis LLP
  • R. Philip Stevenson, President, VALE

Coverage and the Underwriting Process

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Dennis Kearns QBE Leah Coakley Lockton

  • R. Philip Stevenson

VALE Jessica H. Sicsu Kirkland & Ellis LLP

Coverage and the Underwriting Process

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Due Diligence Focus: What’s Acceptable to Carriers?

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Due Diligence Focus

Jeff Rubocki Senior Managing Director Krauter & Company Moderator

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  • Jeff Rubocki, Senior Managing Director, Krauter & Company

(Moderator)

  • Wayne Datz, SVP, North America M&A Division, Allied World
  • Peter de Boisblanc, Senior M&A Underwriter, AIG
  • Kim Gladney, Managing Director – North America, Ambridge

Partners LLC

  • Jay Rittberg, Managing Principal, Euclid Transactional, LLC

Due Diligence Focus

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Jeff Rubocki Krauter & Company Wayne Datz Allied World Kim Gladney Ambridge Partners LLC Peter de Boisblanc AIG Jay Rittberg Euclid Transactional, LLC

Due Diligence Focus

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Conference Luncheon

Coming up next… An Update on Cross-Border Deals

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Thank you to our Sponsors!

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An Update on Cross- Border Deals

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An Update on Cross-Border Deals

Peter Rosen Partner Latham & Watkins LLP Moderator

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  • Peter Rosen, Partner, Latham & Watkins LLP (Moderator)
  • Shawn O’Neill, Senior M&A Underwriter, AIG
  • Eric Ziff, Managing Director, Transaction Solutions, Aon

An Update on Cross-Border Deals

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Peter Rosen Latham & Watkins LLP Shawn O’Neill AIG Eric Ziff Aon

An Update on Cross-Border Deals

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The Innovation Lab: New Solutions

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The Innovation Lab: New Solutions

Joseph Laws Director of M&A Insurance XL Catlin Moderator

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  • Joseph Laws, Director of M&A Insurance, XL Catlin (Moderator)
  • Joanne R. Censullo, M&A Practice Leader, Risk Strategies

Company

  • Bill Monat, EVP – Mergers & Acquisitions Group, Willis Towers

Watson

  • Renee Szalkowski, Senior Vice President, Transaction Liability Group

Practice Leader, Lockton Companies, LLC

The Innovation Lab: New Solutions

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Joseph Laws XL Catlin Joanne R. Censullo Risk Strategies Company Renee Szalkowski Lockton Bill Monat Willis Towers Watson

The Innovation Lab: New Solutions

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Afternoon Break

Coming up next… Claims Trends and the Process

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Thank you to our Sponsors!

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Claims Trends and the Process

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Claims Trends and the Process

Toria Lessman Vice President, Underwriting Leader QBE Moderator

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  • Toria Lessman, Vice President – Underwriting Leader, QBE

(Moderator)

  • Stephen Davidson, Managing Director, Aon
  • John J. Mazzuca, Corporate & Investment Bank, Escrow

Services, J.P. Morgan

  • Diane Parker, Vice President, North American Claims Group,

Allied World

  • Dan Torpey, Partner, Fraud Investigative & Dispute Services, EY

Claims Trends and the Process

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Toria Lessman QBE Stephen Davidson Aon Diane Parker Allied World John Mazzuca J.P. Morgan Dan Torpey EY

Claims Trends and the Process

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The View from the Top

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The View from the Top

Allyson Coyne Managing Director Transaction Solutions Aon Moderator

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  • Allyson Coyne, Managing Director, Transaction Solutions,

Aon (Moderator)

  • Brian Benjamin, Global Head Mergers & Acquisitions

Insurance, XL Catlin

  • Manuel Giners, Senior Underwriter, AIG

The View from the Top

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Allyson Coyne Aon Brian Benjamin XL Catlin Manuel Giner AIG

The View from the Top

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Closing Remarks & Reception

Sponsored by:

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Thank you to our Sponsors!