We will arrange a first appointment with the team to establish the specifics of the deal, timeline, and scope of services required. As needed, we will also provide access to the data room following the signing of NDAs and the preparation of engagement letters.

A Bespoke Request for Information (“RFI”) will be sent to relevant parties to enable us to collate and produce the necessary documentation for review. Once this documentation is received and uploaded to the data room, the investigation process begins.

This stage encompasses:

• Identification of key risks
• Review of current insurance costs alongside commentary on the credit rating of current insurers
• A health check of the current insurance programme
• Identifying whether the existing policies can be transferred where cover would revert to Run Off
• Whether new cover will be required from Financial Close
• Uninsured and underinsured exposures
• Review and commentary of historical claims experience (5 years).

Once the above has been completed, the team will focus on the development of insurance solutions (where available) which includes the design of a Go Forward insurance programme with indicative costing.

The Due Diligence Team will draft a report detailing any risks or shortcomings in the target company’s insurance programme. We will also comment on the contractual agreements and Share Sale Agreement and how this may impact insurance related matters.

Following the completion of the M&A deal, our focus turns to merging the two businesses. This entails coordinating coverage, policies, and risk management procedures from an insurance standpoint.

Our Due Diligence Team will implement a High Level Transition Plan for developing and executing the Go Forward Insurance programme between Signing and Financial Close.