CFC launches R&W cover for transatlantic M&A

CFC has bolstered its transaction liability offering with the launch of a new solution designed to support North American buyers purchasing a UK or European target business. The new suite of products bridge the gap between North American coverage and UK/European/international M&A.

“Parties undertaking M&A transactions across different jurisdictions can often face discrepancies in terminology, drafting, insurance cover and underwriting processes,” said Adam Martin, transaction liability team leader at CFC. “For example, a North American buyer purchasing a UK, European or International target may expect the transaction documents to take a customary North American form and require a typical R&W policy and underwriting process, with which they are familiar. Advisers for the target and sellers however, may prefer a more typical UK, European or International approach and the transaction may be structured, and documented, as such.

“It is important to understand the nuances of both North American deals and UK/European/international deals in order to facilitate a transatlantic underwriting process. Thanks to the expertise and experience our team has in issuing both North American R&W and UK, European and International warranty and indemnity policies, CFC can do the heavy lifting for the client and the broker. We’re able to understand and accommodate the complexities and asymmetries that arise in transatlantic M&A processes and provide enhanced coverage under a North American-style R&W policy in respect of a UK, European or international target.”

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