Ironshore boosts M&A unit with political risk coverage
The mergers & acquisitions (M&A) unit of Ironshore International has expanded to provide coverage for political risk exposures.
The program is designed for those transactions where the buyer faces key asset risk, such as loss of extraction rights or operating licenses, or other natural resource risks that pose potential obstacles for completion of the transaction.
“Until now, there has been limited access to political risk cover specifically designed for merger and acquisition activities,” said Robert Brown, global head, M&A unit. “Buyers can be assured that a commercially attractive business, while confronted with unknown political risk scenarios, can now obtain representation and warranties protection with political risk event coverage enhancements to facilitate investment committee approval and transaction financing.”