Our Partner, James Dodd, features in the latest podcast by Insurance Post speaking about the evolution of the Warranty and Indemnity (W&I) market, alongside DAC Beechcroft’s Jack Holling, Markel’s Brian Dressler, and CFC’s Angus Marshall.
Speaking on why W&I insurance has reached record levels, James believes there’s been a huge increase in familiarity with the product, across lawyers, financial and tax professionals, and clients, whether they be private equity houses or trade clients.
“And that’s from the perspective of both the brokers and insurers, but also the lawyers, financial, tax and other advisers. And I think people now understand a lot more about what insurers need to be able to provide good coverage. I think as the process has become more streamlined, that’s allowed the pricing and coverage to become very competitive, which has meant the product becomes more and more attractive.”
One of the reasons for W&I insurance reaching record levels is down to its evolution as a product, which James believes is down to its ability to cover a number of different industries and jurisdictions, including emerging markets such as Africa and South America.
“And as well as new industries, new jurisdictions, I think the product has evolved to cover different types of deals, for example secondaries and synthetic transactions.
“So it’s evolved to cover more and more industries, more and more jurisdictions, and then those different types of deals as well.”
To listen to the full 20-minute podcast episode, click here.
