Page 14 - Healthcare PE Pitchbook
P. 14
Pre-close due diligence services
Representations and warranties insurance
PHASE 1
Lockton’s Global LOCKTON Working days INSURED/DEAL TEAM
Transaction • Initial advice DAY 1 • Information provided
• Purchase agreement
• Review information
• Initial advice on coverage and appropriate
• Target inancials
Liability (TL) • Submit information to chosen insurers for • Information memorandum (if available)
insurers
nonbinding items
team LOCKTON INSURED/DEAL TEAM
• Advise on initial terms DAY 3 • Choice of insurer(s)
Lockton’s Global TL team is comprised of: • Advise on initial terms and preferred • Choose insurer(s) with beneit of Lockton’s
advice on terms received and other factors
insurer(s)
• Corporate lawyers who have advised buyers
and sellers on corporate transactions, allowing
them to manage the underwriting and policy PHASE 2
negotiation process eficiently and seamlessly in
concert with the underlying deal.
• Former M&A underwriters who will look at your LOCKTON INSURED/DEAL TEAM
risk in the same way an insurer would, allowing • Negotiate coverage and provide • Provision of information
them to foresee potential coverage challenges • Information to insurer(s) • Provide information requested (data room,
and proactively help you overcome them. • Negotiate coverage/policy wording DAYS 4-10 DD reports)
• Insurance brokers with broad commercial • Facilitate low of information • Discuss terms of coverage with Lockton
experience who know about facing dificult • Address insurer’s concerns/issues • Participate in underwriting call
risks and structuring complex solutions that go • Advise insured on policy terms and any
beyond conventional R&W policies. transaction-speciic exclusions
• Teams by jurisdiction — United States:
9; London: 11; Oslo: 2; Hong Kong: 2; LOCKTON INSURED/DEAL TEAM
Manchester: 4 DAY 10
• Instruct insurer to bind coverage • Instruct Lockton to bind coverage
• Provide no claims declaration
EXECUTION OF TRANSACTION AGREEMENT
14 Lockton Companies
Representations and warranties insurance
PHASE 1
Lockton’s Global LOCKTON Working days INSURED/DEAL TEAM
Transaction • Initial advice DAY 1 • Information provided
• Purchase agreement
• Review information
• Initial advice on coverage and appropriate
• Target inancials
Liability (TL) • Submit information to chosen insurers for • Information memorandum (if available)
insurers
nonbinding items
team LOCKTON INSURED/DEAL TEAM
• Advise on initial terms DAY 3 • Choice of insurer(s)
Lockton’s Global TL team is comprised of: • Advise on initial terms and preferred • Choose insurer(s) with beneit of Lockton’s
advice on terms received and other factors
insurer(s)
• Corporate lawyers who have advised buyers
and sellers on corporate transactions, allowing
them to manage the underwriting and policy PHASE 2
negotiation process eficiently and seamlessly in
concert with the underlying deal.
• Former M&A underwriters who will look at your LOCKTON INSURED/DEAL TEAM
risk in the same way an insurer would, allowing • Negotiate coverage and provide • Provision of information
them to foresee potential coverage challenges • Information to insurer(s) • Provide information requested (data room,
and proactively help you overcome them. • Negotiate coverage/policy wording DAYS 4-10 DD reports)
• Insurance brokers with broad commercial • Facilitate low of information • Discuss terms of coverage with Lockton
experience who know about facing dificult • Address insurer’s concerns/issues • Participate in underwriting call
risks and structuring complex solutions that go • Advise insured on policy terms and any
beyond conventional R&W policies. transaction-speciic exclusions
• Teams by jurisdiction — United States:
9; London: 11; Oslo: 2; Hong Kong: 2; LOCKTON INSURED/DEAL TEAM
Manchester: 4 DAY 10
• Instruct insurer to bind coverage • Instruct Lockton to bind coverage
• Provide no claims declaration
EXECUTION OF TRANSACTION AGREEMENT
14 Lockton Companies
