Environmental liability is one of the most common issues faced in Mergers and Acquisitions (M&A) transactions. When real property changes hands through a merger, acquisition or divestiture, the already cloudy picture of environmental liability may become even foggier.
Uncertainties surrounding potential environmental liability, including the extent of contamination, undocumented operations and sites and the effect on a company's financial condition, can potentially stall or halt a transaction.
Environmental options are becoming increasingly important to address early in the M&A negotiating process. Chartis consultants will work with vendors or purchasers to identify and quantify environmental liabilities, seeking to introduce certainty into exposure levels. This provides a solid financial basis for managing liabilities, from cleaning up sites (using fixed price remediation services) to the structuring of risk transfer products.
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Phone
Australia Wide: 1300 030 886
International: +61 3 9522 4000
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New South Wales
Head Office
Level 19
2 Park Street
Sydney
New South Wales 2000
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Victoria
Level 12
717 Bourke Street
Docklands
Victoria 3008
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Queensland
Level 32
10 Eagle Street
Brisbane
Queensland 4000
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Western Australia
Level 11
108 St Georges Terrace
Perth
Western Australia 6000
Environmental Solutions
Our environmental team can provide a range of flexible, strategic insurance solutions designed to help clients manage environmental risk. The policy offers multiple options to select from allowing brokers and clients to construct an environmental insurance program that matches their specific business needs.
Coverage can be selected to meet the unique and individual risks of insureds, including those risks associated with contaminated property, industrial operations, and recycling, disposing or treating hazardous waste.
Our environmental solutions policy is structured to offer flexibility and tailoring options from on and off-site liabilities arising out of pollution conditions, to environmental transportation risks, to non-owned disposal sites. It is ideal for large clients with liabilities arising from merger and acquisition activity, historical and current operations, and traditional waste disposal businesses.
As well as providing environmental solutions to companies pursuing mergers, acquisitions and divestments, we also offer environmental solutions for:
- Property investment portfolios;
- Statutory clean-ups;
- High risk sites;
- Legacy contamination issues; and
- Brownfield developments.
Since early 2000 we have been offering specialised Warranty & Indemnity policies for Australian and New Zealand companies involved in mergers, acquisitions and divestments. Our Mergers and Acquisitions (M&A) Insurance Group is recognised by M&A practitioners globally as an innovator in the field of applying insurance capital to enhance and facilitate transactions.
You can be sure that you have a dedicated partner in Chartis. We are focused on servicing your insurance needs today and anticipating tomorrow’s. We aim for each client relationship to be a true partnership and will take on your challenges as if they were our own. By meeting straightforward needs as well as solving complex issues, we make your confidence our number one priority.
Chartis is a world leading property-casualty and general insurance organisation serving more than 70 million clients around the world. With one of the industry's most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.