M&A activity leading to rise in warranty and indemnity insurance players
Law firms are increasingly recommending businesses take out warranty and indemnity insurance during the M&A transaction process leading to several brokers and underwriters entering the market, according to Lockton Companies.
The global broker said in a statement that law firm Clifford Chance recently estimated failed deals in 2014 led to $221bn (£143bn) of lost cost.
Deloitte also recently reported a higher uptake of
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