Economic uncertainty and financial challenges have contributed to shifts in the transactional market, with merger and acquisition activity across the globe slowing down in 2023 from the highs seen earlier in the decade. However, demand for transactional risk insurance has remained high as both buyers and sellers recognize the benefits of purchasing robust coverage for their transaction.
At the same time, increased competition among insurers has led to preferential pricing for transactional risk coverage. As they compete for premium dollars, insurers also are seeking to innovate and broaden their products.
In this episode of Risk in Context, Craig Schioppo, Marsh’s Global Head of Transactional Risks, talks to colleagues Craig Warnke, Martha Barajas, Hans Swolin, Leo Flindall, Kane Sim, and Haoren Fu about transactional risk trends across different regions. Each speaker shares advice for companies looking to manage their transactional risks throughout 2024 and beyond.
Global Head of Transactional Risk
Craig Schioppo is Marsh’s Global Head of transactional risk. He oversees a global team of specialists responsible for the delivery of transactional risk insurance solutions, including representations and warranties insurance, to private equity and strategic investor clients engaged in mergers and acquisitions around the world.
Chief Client Officer, PEMA, Pacific
Kane Sim leads Marsh’s Transactional Risk Practice in the Pacific region. In this role, he provides strategic risk management advice to clients for their merger and acquisition transactions and structures bespoke solutions to help transfer deal risks to the insurance market.
Co-Head Transactional Risk
Leo Flindall is the co-lead of Marsh’s UK Transactional Risk Practice. Since joining Marsh in 2012, he has advised on over 500 transactions and has worked closely with a broad range of clients, including private equity funds and corporates.
Chief Operating Officer, Transactional Risk, North America
Craig Warnke is a managing director within Marsh’s Transactional Risk Practice. Specializing in transactional risk insurance, he is responsible for advising clients primarily on representations and warranties insurance.
Regional Transactional Risk Leader, Specialty
Martha Barajas is Marsh’s Transactional Risk Leader for Latin America and the Caribbean, responsible for advising on and structuring insurance capital solutions to support and facilitate M&A transactions in Mexico, Latin America, and the Caribbean. She has a Master’s Degree in International Business Law and has more than 15 years of experience working for national and multinational companies leading corporate, mergers and acquisitions, compliance and public affairs teams, for Fortune 500 enterprises.
Head of Transactional Risk, Asia
Based in Singapore, Haoren Fu leads Marsh’s Transactional Risk Practice in Asia. His key responsibilities include overseeing the development and placement of transactional risk insurance products, which include Warranty & Indemnity (W&I) Insurance, Tax Liability Insurance, and Contingent Risk Insurance, across the region. He also manages Marsh Asia’s relationships with insurers to help clients access the best coverage options.
Head of Transactional Risk, Europe
Hans Swolin is a co-head of Marsh’s Transactional Risk Practice for Europe, the Middle East, and Africa. He also leads the Nordics Private Equity and M&A Practice. Alongside a cross-border team, he helps develop solutions that enable corporates, private equity firms, alternative asset managers, lenders, and infrastructure investors to manage their M&A risks.
This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. LCPA 24/093
