Contents


BVCA Insurance Services is authorised and regulated by the Financial Services Authority.


The views and opinions expressed herein are those of the authors and do not necessarily represent those of BVCA Insurance Services.


Registered address: 1st Floor North, Brettenham House, Lancaster Place, London WC2E 7EN


Foreword ....................................................................................................................................................... 3 Contents ........................................................................................................................................................ 4 Contributor & Insurance Index ...................................................................................................................... 5 Contributor Profiles ........................................................................................................................................ 6


British Private Equity & Venture Capital Association 12


BVCA Member Services ............................................................................................................................. 13 BVCA Insurance Services Q&A .................................................................................................................. 14 BVCA Insurance Services Successes ........................................................................................................ 16 BVCA Insurance Services Deal Summary .................................................................................................. 18 Macquarie Insurance Facility (MIF) .............................................................................................................. 20 Personal D&O Liability Insurance ................................................................................................................ 22


Viewpoint 25


M&A: Mind the Gap .................................................................................................................................... 26 Transaction Liability Insurance Defined ....................................................................................................... 28 The Birth of Transaction Related Insurance Products ................................................................................ 30 The Growth of Warranty Insurance in Private Equity-backed Transactions ................................................ 34 Managing Transaction Risk in the Real Estate Industry .............................................................................. 36 Is There a Market for Deferred Consideration Insurance? .......................................................................... 38 Securing a Clean Exit .................................................................................................................................. 40 The Return of the IPO Market? ................................................................................................................... 42 Covering the Business Critical Risk - Key Person Assurance Protection ................................................... 44 Dealing with Title Related Risks in 2012 and Beyond ................................................................................ 48 Insurance Due Diligence .............................................................................................................................. 50 De-risking the Insurance Process ............................................................................................................... 52 Uniting a Workforce – the Benefits of Benefits ........................................................................................... 54 When TUPE Applies to Share Sales: Exceptions to the Rule ..................................................................... 56 Will You or Your Company be Protected by Liability Insurance Post-Acquisition? ...................................... 58 Notes from the Diary of a Chubb Insurance Appraiser ............................................................................... 60


Insurance Providers 62


Ambridge Europe Limited ........................................................................................................................... 63 Aspen Insurance UK Limited ...................................................................................................................... 64 Chartis Insurance Europe Limited ............................................................................................................... 65 Chubb Insurance ......................................................................................................................................... 68 Hiscox Limited ............................................................................................................................................. 69 QBE Insurance Group ................................................................................................................................. 71


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