Bespoke tax liability solutions
Tax Risk insurance protects businesses against the financial impact of known tax exposures. Policies have a range of commercial uses, including M&A, corporate restructurings, and routine tax management.
DUAL’s experienced global team has expertise in tax law, accountancy, and M&A. With experts on the ground across the UK, Europe, North America, Latin America, Asia-Pacific and the Middle East, we’re confident we can achieve positive outcomes for your clients.
100+
Transactional Risk experts globally
Global
Underwriting solutions in every continent
Who we work with
Our market-leading coverage is designed to meet the needs of businesses around the world. We have expertise in arranging cover for a wide range of clients, including:
- Private equity funds
- Institutional investors
- Financial institutions
- Advisors
- Corporations
- Alternative investment managers
We're ready to tackle your client's tax exposures head-on.
Key benefits
Transaction certainty
Eliminate the need for price adjustments or escrow arrangements.
Balance sheet protection
Transfer known tax exposures to A-rated insurers.
Cost certainty
Transform an open-ended tax liability into a quantifiable premium.
Clean exit
Avoid the need for fund retention structures, freeing up the transaction proceeds.
What's covered?
Tax Risk insurance protects against financial losses resulting from a challenge by a tax authority. Policies are tailored to the specific tax exposure. Our Tax Risk insurance policies can be standalone or structured as part of a package.
Covered risks include:
- The amount of tax due pursuant to a final determination.
- Interest charges and penalties associated with the additional tax.
- Advance tax payments and/or guarantees owed to the tax authority prior to commencing a tax dispute.
- Defence costs, including legal and advisory fees to contest the tax authority’s claim.
- Gross-up payments to cover taxes imposed on the payout, ensuring clients can settle the original liability.
Our risk appetite
Our experienced team provides cover for a broad range of tax risks, including:
Corporate income tax risks
Disallowed deductions
Tax credits
Tax losses
Stamp duty and GST/VAT
Indirect tax exposures
Transfer pricing risks
Cross-border payments
Permanent establishment risks
Title Insurance for Real Estate transactions
Real estate appetite
Commercial real estate*
*‘Commercial’ for us is essentially anything other than single houses or apartments being purchased for owner-occupier or investment purposes. For example, we have appetite for professional property developers carrying on a commercial enterprise of developing land for medium and high-density residential purposes.
Australia, New Zealand Hong Kong and Singapore
In certain situations, we can also cover real estate in Japan and South Korea.
Up to $USD $150m for single transaction/asset
Capacity is provided via AXA XL's 2004 Syndicate at Lloyds.
Title Insurance for Real Estate transactions
DUAL's Real Estate appetite:
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Commercial real estate*
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Australia, New Zealand, Hong Kong and Singapore. In certain situations, we can also cover real estate in Japan and South Korea
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Up to USD $150m for any single transaction/asset. Capacity is provided via AXA XL’s 2003 Syndicate at Lloyd’s
*‘Commercial’ for us is essentially anything other than single houses or apartments being purchased for owner-occupier or investment purposes. For example, we have appetite for professional property developers carrying on a commercial enterprise of developing land for medium and high-density residential purposes.
Why choose DUAL?
Flexible policy wordings
Our underwriters write bespoke wordings that are designed to respond effectively in a claim.
Imaginative approach
Talk directly to experienced tax professionals who are empowered to find creative solutions.
Exceptional claims service
DUAL's in-house claims team supports insureds every step of the way. We offer prompt engagement, clear analysis, and fair outcomes.
Global capability, local knowledge
With teams across the UK, Europe, North America, Latin America, Asia-Pacific and the Middle East, we can connect you to local experts around the world.
Underwriting requirements
To make the underwriting process as efficient as possible, we’ll typically ask for a:
- Tax opinion or tax memo from a qualified tax adviser detailing the technical strength of the tax position.
- Detailed breakdown of the potential loss (i.e. tax liability, interest, penalties, defence costs and gross-up).
Local underwriting contact points
Chris Hammond
Head of Title Insurance - Asia Pacific
Jordan Schwarz
Head of M&A Underwriting
Edward Birrell
Senior Underwriter - Title Insurance
Ed is a Senior Underwriter within our Title Insurance team and is responsible for underwriting Title Insurance and Fundamental Warranty Top-Up policies across the Asia Pacific region.
With over eight years’ experience in Title Insurance, Ed joined DUAL in 2019. Before relocating to Sydney in 2024, he spent four and a half years in DUAL’s London office, where he specialised in structuring title insurance solutions for complex corporate M&A and commercial real estate transactions across in the UK.
Now based in Australia, Ed focuses on helping expand DUAL’s Title Insurance offering across the Asia Pacific region. He is committed to building strong relationships with clients and brokers and helping them find practical and commercial solutions to help manage transactional risks.
See our full global Transaction Risk team
Visit our meet the team page to find the correct team member for your product and region, including their direct contact details for enquiries and support.
Underwriting locations
Global capability, local knowledge.
Wherever you are in the world, our local experts are ready to support you.