A consortium of 12 insurance underwriters led by Liberty GTS recently paid a €50 million claim under a warranty and indemnity liability (W&I) insurance policy issued in connection with FSN Capital’s acquisition of Gram Equipment. A few key points about W&I policies and claims in general can be derived from publicly available information about this claim,* and we briefly describe these points below.
Read the full Legal Update here.
* Mayer Brown did not play a role in underwriting the W&I policy or in the related transaction or claim/dispute.
The past ten years have resulted in numerous changes to the corporate governance requirements for insurance companies and, as appropriate, their parent companies and ...