Conclusion of W&I Excess Insurance

This tender concerns the procurement of multiple Warranty & Indemnity (W&I) excess insurance policies. These policies are to be concluded in connection with a specific transaction. W&I insurance is a crucial tool in mergers and acquisitions (M&A) and other corporate transactions, providing coverage for potential losses arising from breaches of warranties or indemnities given by the seller in the sale and purchase agreement. An excess policy, in this context, typically sits above a primary W&I policy, offering an additional layer of coverage for larger claims or specific risks that exceed the limits of the primary insurance. The successful conclusion of these contracts will provide enhanced financial protection for the buyer against unforeseen liabilities stemming from the transaction. The specific details of the transaction, including its nature, scale, and the parties involved, will dictate the precise terms, coverage limits, and deductibles required for these excess insurance policies. Bidders are expected to demonstrate expertise in structuring and underwriting complex W&I risks, particularly in the context of excess layer placements. This procurement is vital for mitigating financial risks associated with the underlying transaction and ensuring a secure completion for all parties involved.

This is a services contract in the finance and banking sector, with a focus on Insurance. Located in Germany, Europe, this opportunity is open to firms and consortiums, with an estimated budget of EUR 1.

Published through TED - Tenders Electronic Daily (EU), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.