14 December 2020Insurance

Aon launches special purpose acquisition company task force

Re/insurance broker Aon has launched a special purpose acquisition company (SPAC) task force.

The task force will be focused on the deal lifecycle, including offering, diligence, insurance coverage alignment and boardroom ready analytics.

Aon said the task force leadership team will be supported by 20 additional industry veterans that have vast experience in every stage of the SPAC transaction from programme design to insurer selection to claims advocacy to support business decision making.

The team includes Kristin Kraeger, national SPAC and IPO leader; Tim Fletcher, western region SPAC and IPO; Uri Dallal, eastern region SPAC and IPO; and Jim Knox, technology regional practice leader.

Kraeger, national D&O practice leader at Aon, said: “Due to a mix of rising premiums and retention deductibles, and shrinking capacity – businesses entering a SPAC need an experienced team that knows the complexities of each stage of the deal. Our team possesses the unique knowledge of the mechanics of the transaction and offers a guiding light to businesses unaware of the intricacies of this process.”

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