In June JŠK, advokátní kancelář, s.r.o., in cooperation with RENOMIA, a.s. and DUAL Specialty M&A GmbH, organized a “LIVE_CASE_STUDY, Warranty and Indemnity Insurance”, for their clients.
The event took place in the Grandior Hotel Prague and was divided into two parts, theoretical and practical. The event was presented by Tomáš Doležil and Daniel Pospíšil from JŠK, advokátní kancelář s.r.o, Hana Pavelková from RENOMIA, a.s., and Robin Lawless and Niki Demirbilek from DUAL Specialty M&A GmbH.
The opening of the event was dedicated to current trends in M&A and W&I insurance in particular, followed by statistics and a discussion over the motivations to purchase such insurance, its pros and cons, the scope of coverage and typical exclusions.
In the second part, the participants had the opportunity to discuss the underwriting process in detail and the role of individual parties and to experience the practicalities of the actual underwriting process in a typical example of a real estate transaction with the emphasis on the usage of W&I insurance. The practical part was finished off with useful insights on how to negotiate the right insurance for a given transaction and how to extend its coverage and exclusions.
The study was well attended and initiated a very fruitful discussion.
JŠK is a mid-sized law firm delivering services for clients in all areas of commercial law, with particular experience in M&A, finance and banking, insurance, construction, real estate and energy regulation. The firm has been operating on the Czech market since 2004 and among its clients are respected banks, insurance companies, private equity funds and corporations as well as mid-sized enterprises and investors.
JŠK is a member of a unique network of commercial law firms called PONTES, which includes law firms from most of the Central and Eastern European countries.
RENOMIA is a leading independent, privately owned insurance broker providing services to firms in the Czech Republic, Slovakia, Hungary and Bulgaria. We offer complex services in commercial insurance, risk management and employee benefits to firms. Our services include consulting, insurance program implementation and administration, claims management, localization of international insurance programs etc.
DUAL has a long-standing reputation for underwriting expertise and in-depth technical knowledge. They provide a service that helps their broker partners grow, while delivering consistent results to their capacity providers.