Rep and warranty insurance reduced M&A indemnity negotiations from 10 to 3
Jon Ballis · Jon Ballis – In the Room Where Private Equity Happens at Kirkland & Ellis (Capital Allocators, EP.277) · Oct 24, 2022 · at 35:49
Jon Ballis, Chairman of Kirkland & Ellis, explains how the adoption of representations and warranties insurance reshaped deal negotiations.
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“A number of years ago, but not that many, three, four, five representation warranty insurance has popped up, where now the large insurance firm, they underwrite the exposure, and therefore the negotiation over these topics has gone from a 10 to like a three. It's still there, but it's a lot less important.”
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