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Warranty & Indemnity / Reps & Warranties
Bespoke warranty solutions
Warranty & Indemnity (W&I) / Reps & Warranties (R&W) insurance protects against financial losses resulting from inaccuracies and misrepresentations in an M&A transaction. Policies offer broad protection against a wide range of unknown risks.
DUAL’s specialist polices are designed by an expert global team of underwriters with backgrounds in insurance, law, and cross-border transactions. Our specialist W&I teams are located in the the UK, Europe, North America, Latin America, the Middle East, and Asia-Pacific. We are confident we can achieve positive outcomes for clients, wherever they operate.
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 involved in M&A transactions 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
Whatever the risk, we’re ready to design specialist solutions.
Key benefits
Clean exit
Limits seller liabilities allowing sale proceeds to be distributed without escrow or reserve for future claims.
Bid differentiation
Proposals backed by W&I can gain competitive advantage over those where full liability remains with the sell side.
Up to 7 years of coverage
Extended coverage periods offer protection against warranty breaches beyond the terms of the SPA.
Flexible policy wordings
Our underwriters write bespoke wordings that are designed to respond effectively in a claim.
What’s covered?
Our policies mirror the representations and warranties in the purchase agreement, providing broad protection against unknown risks. Policies can be standalone or combined into a package.
Covered risks include:
- Good title and the seller’s capacity to sell
- Accuracy of the financial statements
- Compliance with relevant laws and regulations
- Absence of litigation or tax liabilities
- Validity of commercial contracts and intellectual property
Our risk appetite
Our experienced team arranges cover for a broad range of domestic and cross-border M&A transactions. We work across a wide spectrum of sectors, including:
Renewable energy and infrastructure
Manufacturing
Real estate
Information technology
Consumer goods and retail
Industrials
Communication services
Healthcare
Financial services
Why choose DUAL?
Imaginative approach
With the freedom to be creative, our underwriters can solve complex insurance problems with bespoke solutions.
Global capability, local knowledge
We can connect you to local experts across the UK, Europe, North America, Latin America, the Middle East, and Asia-Pacific.
Cross-sector expertise
Our underwriters bring experience across a wide range of industries. We understand the risks your clients face.
Exceptional claims service
Our in-house claims team supports insureds every step of the way. We offer prompt engagement, clear analysis, and fair outcomes.
Underwriting requirements
Our underwriting process has two stages.
Stage 1: Indicative terms
To allow us to prepare indicative terms, we’ll need the basic deal parameters, including the sector, jurisdiction, and transaction value. We’ll also ask for the:
- Draft SPA
- Information memorandum (if available)
Stage 2: Full underwriting
To start the full underwriting process, we’ll need the following:
- Virtual Data Room access
- Advisor due diligence reports
- Disclosure letter, if any
- Reponses to our underwriting questions
Meet our W&I / R&W management team
Below is our W&I / R&W management team. For a full list of our W&I / R&W and Transactional Risk people, including regional specialists, please see the complete team listing below.
Underwriting locations
Global capability, local knowledge.
Wherever you are in the world, our local experts are ready to support you.