AIG

This Practice Note looks at the situations in which tax risk insurance may be used, the risks that may be covered, the steps involved in a typical underwriting process and the key terms of a tax insurance policy.

This Practice Note looks at the use of warranty and indemnity insurance (W&I insurance) policies in private M&A deals (whether share purchase transaction or asset purchase transaction) to cover losses from breach of the seller’s warranties and indemnities. It considers the strategic benefits of W&I policies (whether taken out by the buyer or the seller), the differences between buyer and seller coverage, key policy terms and the steps involved in the underwriting process.