Warrant & Indemnity policy requests up 60% - Aon
Company sellers are facing a new hurdle as buyers are increasingly seeking to recover damages for financial discrepancies on the cusp of completion. In response, according to global insurance broker Aon, there has been a 60% increase in enquiries for warranty and indemnity (W&I) insurance* as a seller's weapon in a buyers' market.
With both private equity (PE) and corporate buyers feeling the pinch, the current trend for W&I claims for accounts and tax discrepancies will continue but the number will undoubtedly rise. Buyers are
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