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Per Risk Capacity
Up to

$175m

Multi-year (single aggregate) policies
with policy terms of up to

7 years

Overview

Our DisclosureGap® Representations & Warranties Insurance policies provide insurance for loss incurred as a result of the breach or inaccuracy of representations and warranties made in a transaction agreement.

Our DisclosureGap® policies are designed to bridge the gap between the differing requirements of parties to a transaction regarding the contractual terms of the transaction agreement relating to:

  • the scope of the representations and warranties;
  • the time limit during which a claim for a breach of such representations and warranties must be made;
  • the financial cap imposed on losses that can be claimed for such a breach;
  • the method by which the ability of the claiming party to recover for such breach is financially secured.

Ambridge Europe GmbH & Co. KG: Read this page in German language

SME Focused Team

Our SME-focused team has been providing insurance solutions since 2015

Our seasoned underwriting team is supported by internal Legal, IP, financial, tax and healthcare expertise.

Working with our International affiliates, we can flexibly respond to transactions involving target companies where part of the operations are outside of the US.

  • Focused on SME transactions where the transaction consideration is between $10M and $75M
  • Limits offered can be up to 100% of the transaction consideration
  • Typical premium rate on line ranges from 3.5-4.5%
  • Minimum Retentions are typically the greater of $250-300K and 1% percent of the purchase price
  • Historically Audited financials are required. However, in some cases, where a Quality of Earnings Report in respect of historical financial statements has been prepared by a recognized third party expert, this requirement may be waived.
  • Our industry appetite is similar to that of Ambridge’s general R&W appetite

SME Focused Team

Healthcare Focused Team

Our Healthcare focused team has been providing insurance solutions since 2016

Our seasoned underwriting team is supported by internal Legal, IP, financial, tax and healthcare expertise.

Working with our International affiliates, we can flexibly respond to transactions involving target companies where part of the operations are outside of the US.

  • Focused on transactions within the healthcare industry, regardless of the transaction consideration
  • Insurance solutions can be tailored for both healthcare providers and business associates
  • Typical premium rate on line ranges from 3.5-4.5%
  • Historically Audited financials are required. However, in some cases, where a Quality of Earnings Report in respect of historical financial statements has been prepared by a recognized third party expert, this requirement may be waived.

Healthcare Focused Team

DisclosureGap® policies can be utilized to:

  • enhance a bidder’s offer by covering under the policy something which cannot be offered in the transaction agreement;
  • provide an extension to what has been agreed in the transaction agreement
    • regarding the time limit during which a party can claim for breaches of representations and warranties;
    • and/or the financial cap on amounts that can be claimed as a result of such breaches;
  • provide a financial backstop for the ability of a party to meet its obligations as a result of such breaches;
  • provide a “clean exit” to the party exiting the investment in the transaction.

DisclosureGap® policies can be used by:

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FAQs and Case Studies

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Kimgladney Web

Kimberly Gladney

Chief Underwriting Officer – North America

Kimgladney Web
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J Sinchak Website Pic

Jack Sinchak

Managing Director, R&W, D&O and IP

J Sinchak Website Pic
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Pirozzi Patrick Web

Patrick Pirozzi

Senior Vice President

Pirozzi Patrick Web
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Charles Turnham

Managing Director, Complex W&I and Contingency

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Cosetllo Kevin Web

Kevin Costello

Managing Director, European W&I

Cosetllo Kevin Web
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