BlueChip Underwriting Services Announces Expansion of Transactional Risk Underwriting Capacity
January 1, 2018
BlueChip has announced that it has up to $50M in limits available effective January 1, 2018 for any single Transactional Risk insurance policy. Scott Fritts, BlueChip’s Chairman, stated, “We are extremely pleased to expand our partnership with leading Lloyd’s of London Underwriters and Inter Hannover to bring greater Transactional Risk insurance capacity to the U.S. middle market.”
The U.S. Transactional Risk market has grown dramatically in recent years, due in large part to the combination of increased awareness of and structural improvements in Transactional Risk insurance products. Leading insurance brokers, law firms and other financial advisors are recommending at an increasing rate the use of Transactional Risk insurance to support the efficient closing of mergers and acquisitions.
The BlueChip team has successfully underwritten more than 60 policies with aggregate mergers & acquisitions deal value in excess of $6 billion. We continue to be committed to the U.S. middle market with a focus on primary Representations & Warranties, Tax Indemnity and Contingent Liability policies with excess positions considered upon request.