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Aon introduces Transaction Liability Practice for its clients

IBR Staff Writer Published 04 March 2013

Aon Risk Solutions has introduced Transaction Liability Practice, intended to capitalize on the growth in the transaction liability insurance market.

The practice will be complimented with additional resources to support the complex nature of these placements, while helping clients to navigate transaction risks and M&A issues.

The practice has been designed to provide comprehensive transaction liability solutions to private equity firms, organizations focused on mergers and acquisitions as well as clients who are seeking solutions for contingent liability exposures.

Transaction Liability Practice managing director and practice leader Michael Schoenbach said, "We believe this was attributable to a combination of lower cost, enhanced coverage, favorable performance of the products and better awareness of how to utilize them strategically."

In order to expand Aon's suite of solutions and to broaden the transactional risks, the Transaction Liability Practice will focus on developing new products and delivering transaction risk solutions with existing markets.