On the back of the Insurance Insider US Honors 2024, we’re delighted to win Underwriting Innovation of the Year, after the pioneering work of our transaction liability team in the field of secondary transactions.
It’s been a particularly busy year for our team, doubling our headcount and launching a new solution to cover title to shares loss. But perhaps our most significant innovation to date has been the launch of a new insurance market, through the creation of a brand new product for niche private equity deals known as secondary transactions.
Private equity funds are now able to hold onto valuable companies while offering investors a chance to exit and bring in fresh capital. These deals, previously uninsured, now benefit from our cutting-edge secondaries transaction product, providing investment banks with a top-tier de-risking solution, streamlining the deal process and enabling exits without concerns over future claims.
This is just one step on our continued journey to adapt to market shifts and pioneer new solutions for our M&A clients.
Thank you so much to Insurance Insider US for hosting the event, and congratulations to all other winners.
