CFC Underwriting expands transaction liability offering

CFC Underwriting, a specialist insurance provider focused on emerging risk and cyber, and Lloyd's managing general agent (MGA), has expanded its suite of transaction liability products with the launch of a new solution to cover title to shares risks (TTS insurance).

TTS insurance provides excess coverage for loss arising out of a breach of title and ownership representations and warranties (R&Ws) in an M&A transaction and can be placed alongside CFC’s buy-side M&A insurance.

Angus Marshall (pictured), head of transaction liability at CFC, said: “We are delighted to offer TTS insurance as part of a single buy-side R&W placement, meaning the quote to bind process is seamless, with brokers and clients only having to engage with a single underwriter to secure both R&W and TTS coverage.”

Marshall added: “Whilst TTS insurance will be offered on an open market basis, we are excited by the prospects of insuring small to midsize deals as part of our R&W offering as these deals have not previously benefited from TTS insurance. TTS also has particular benefits for secondaries investors. We’re the market leader in secondaries insurance and these investors will now be able to experience a seamless process by securing R&W and TTS coverages from us.”

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