Press — August 14, 2023
Within the context of a merger or acquisition (M&A), a gap may exist between the level of warranties offered by a seller and the level that the buyer will accept. The Ethos Specialty Representations and Warranties (R&W) insurance product bridges that gap by transferring unknown and unforeseen risks to an insurer. The R&W policy provides coverage for losses incurred because of breaches of representations and warranties in an M&A agreement. The use of the policy eases contentious negotiations around the scope of representations and warranties level of indemnity and provides value for both the sellers and buyers in a transaction.
Ethos Specialty offers commercial terms and pricing coupled with responsive service. Policies are tailored to each unique transaction and work “back to back” with the M&A agreement.
Offering a R&W Policy in a 363 Sale would likely create certain additional benefits to the traditional 363 Sale process including: