EXPERT GUIDANCE FOR THE PATH AHEAD
Update in the Transactional Solutions Area
The market for Reps & Warranties continues to expand with new carriers committing capital and showing interest in the space. Perhaps most encouraging is that there is more and more appetite for Reps coverage in the healthcare space, potentially including limited Medicare exposure. Overall, the pricing continues to creep below a 3% rate on line, depending on may things, including robust diligence standards, industry sector, financials, indemnification provisions and deal structure. More and more, we are seeing these policies utilized as a buy-side strategy, with many sponsors writing the use of Reps policies into prospective LOI’s. RCP continues to lead the way with innovation in this area of transactional deal solutions.
Contact Jim Myer at firstname.lastname@example.org or 314-409-2011 for more details.
This material is for informational purposes only and not for the purpose of providing legal or insurance advice. Insurance coverage, and the terms and conditions relating to such coverage, will vary. No representations or promises are made that any particular insurance coverage will be available to any individual or entity seeking such coverage. Risk Consulting Partners is not a law firm and does not provide legal advice. If such advice is needed, consult with a qualified adviser.