Ryan Transactional Risk reposted this
Transact Risk Partners is delighted to have closely worked with Marnix Terpstra of Marsh McLennan in resolving a W&I insurance claim for €12.5 million. This sum represented the full limit of liability under the policy and was, impressively given the size of the claim, agreed in less than 4 months from the claim notice being received. Our insured was pleased with the outcome, stating “We are very grateful for how the insurer and the broker handled our recent claim. We found them to be honest, pragmatic, and efficient in their claims handling, and our positive experience is definitely a plus for us when we consider them for our future transactions.” Alex White, Head of Claims for both Transact Risk Partners and Ryan Transactional Risk (International), comments "This is yet another claim that demonstrates the immense value of transactional risk insurance products to insureds. It also illustrates the speed with which claims, regardless of their size, can be resolved when insureds and insurers closely collaborate.“ #claims #mergersandacquisitions #transactionalinsurance #warrantyandindemnityinsurance #transactrisk #ryantransactionalrisk