M&A insurance covering warranties and indemnities
(W&I) has become increasingly sophisticated in the
Asia-Pacific region as its popularity has exploded.
Insurance underwriters speaking at IFLR’s Asia
M&A forum in Hong Kong earlier this month said that prices
are now coming down as coverage extends across the region.
"We’ve seen significant growth in appetite for
W&I insurance in emerging markets since we began writing
policies in Asia around a decade ago," said Will Gibson,
M&A underwriter at AIG in Hong Kong. "We now have a team of
10 focused on underwriting, as well as dedicated W&I claims
Seventy-five percent of attendees at the IFLR event said
they expected to see a further rise in the use of W&I
insurance in Asia-Pacific over the next 12 months.
"For the expenditure of an insurance premium, parties...