Terrence Tracy

September 19, 2017 | FC&S Insurance

Many types of insurance are viewed only as a form of protection against downside risk. But certain coverages can do much more than offer protection, they…

By Terrence Tracy

6 minute read

August 30, 2017 | The Legal Intelligencer

Many types of insurance are viewed only as a form of protection against downside risk. But certain coverages can do much more than offer protection, they can actually offer a business advantage that allows companies to achieve success relating to an acquisition where it would otherwise not be possible. Such is the case with Reps and Warranty (R&W) insurance. R&W insurance provides coverage against financial loss caused by breaches of the representations and warranties made in the M&A agreement. While every business does extensive due diligence to verify information provided by their deal partner before closing, the fact is that any complex transaction contains a certain number of unknown risks and unforeseeable circumstances. Often these unknowns do not reveal themselves until well after a deal has closed. R&W insurance is particularly useful to buyers in these circumstances.

By Terrence Tracy

11 minute read