Chartis can structure a transfer of litigation or a catastrophe cover to cap litigation over and above the anticipated loss for existing or pending litigation matters. This can be achieved on a full risk transfer or co-insurance basis.
The effect of this insurance is to provide security for the buyer by 'ring-fencing' the liability and the removal of a potential deal-breaking obstacle. These types of policies are most commonly used to 'de-risk' a business by removing or reducing contingent liabilities associated with a business, which may otherwise be deemed to be an unlimited liability.
This insurance solution can also negate the requirement for the use of escrows or indemnities, providing certainty and finality to both parties in the transaction.
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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
Litigation Buyout and Special Situation Insurance
Litigation buyout insurance enables companies to manage the negative financial impact of a wide range of events, including litigation involving large uninsured and underinsured liabilities and complex operational issues. Such events may impede successful closure of merger and acquisition transactions, hinder value creation, or stand in the way of needed financing.
Litigation buyout insurance can be vital to companies encountering the uncertainties associated with material litigation.
Typical scenarios include product liability disputes, breach or potential breaches of legislation or regulations, employment issues, contractual disputes, intellectual property disputes and disputes around the operational or trading history of an organisation.
Litigation buyout insurance helps companies to achieve the best possible resolution of litigation or potential litigation involving large uninsured and underinsured liabilities and complex operational issues.
For more information on Litigation Buyout insurance from Chartis see the Product Brochures.
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.