Warranty & Indemnity Insurance

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VTS offers its clients a range of targeted client focused W&I insurance solutions that facilitate their specific corporate transactions. VTS combines highly specialised product knowledge with a real commitment to innovation and service excellence to ensure clients’ needs are fully met in a timely manner.

W&I insurance provides a bespoke insurance-based solution to facilitate and support the successful completion of M&A transactions. Our W&I insurance policies are tailored for the transaction at hand. Through the use of W&I insurance, buyers and sellers involved in a corporate transaction can effectively transfer transaction risk to the insurer. This removes transaction roadblocks such as the need for an escrow retention account. By working with and as part of the transaction team, we can provide specific and timely insurance solutions that can reduce or extinguish transaction risk, enabling otherwise challenging transactions to become a reality.

A W&I insurance policy provides insurance cover for financial losses arising from inaccuracies in warranties and indemnities. Where the buyer is the insured party this cover enables the buyer to claim against the insurance policy without the requirement to pursue recovery from the seller. Where the seller is the insured party, the insurance policy will reimburse the seller for financial loss suffered due to warranty and indemnity claims made against it. W&I insurance policies are ‘claims-made’ policies and so they provide cover for policy claims made during the relevant period of the policy.

VTS policies are crafted to jigsaw with the unique requirements of the relevant transaction. VTS will work with the insured to provide a policy that fits with the risk and recourse profile of the transaction such as mirroring liability expiry periods and retention thresholds that are included in the transaction sale agreement.

In addition to a more general W&I insurance offering, VTS also offers a suite of bespoke W&I insurance solutions that include:

Insurance Simplified

INSIM is a simplified W&I insurance policy using template documentation and predefined coverage to create a commoditised and standardised insurance solution for SME transactions. This product enables insureds to obtain a more “off-the-shelf” solution.

Distressed Transactions

This product facilitates distressed transactions using synthetic warranties contained in the policy itself. This means a seller does not give the warranties directly but the buyer has the comfort of recourse for unidentified liabilities. This is relevant for example where the seller is a funder who has enforced its security or an insolvency practitioner appointed to protect the creditors of a target.

Portfolio Build

For private equity funds who are in the build cycle of their fund’s life. This product provides certainty of terms through a standardised policy appropriate for the nature of the fund and certainty of insurance capacity through ring-fencing of policy limit availability.

Secondary Funding

Product designed for funds who are in the recapitalisation cycle of their fund’s life seeking new and alternative investment. Provides cover for non-operative warranties linked to title and authority of fund assets and investments.

Sell-side

For sellers who wish to mitigate the risk of financial loss due to a claim by a buyer. This policy can be incepted before or after a transaction has signed and can assist sellers to distribute or utilise transaction proceeds (such as a fund being wound up) or where the buyer does not consider insurance to be part of its strategy.

Volante Underwriting Sweden SECTEUR

L'Équipe Volante Underwriting Sweden

Peter Forsberg

Underwriting Manager, Liability & Financial Lines

Volante Underwriting Sweden

Biographie

Peter Forsberg

Underwriting Manager, Liability & Financial Lines

Volante Underwriting Sweden

Peter is Underwriting Manager for special liability and financial lines at Volante Underwriting Sweden. He has over 15 years of industry experience and was most recently regional underwriting manager at QBE for all classes of business in the Nordics, including special liability, financial lines, property and motor. Prior to his time at QBE, Peter spent seven years in the broking sector, working for Willis and subsequently Marsh.

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Peter Westman

Senior Underwriter

Volante Underwriting Sweden

Biographie

Peter Westman

Senior Underwriter

Volante Underwriting Sweden

Peter is a Senior Underwriter for Casualty and Financial lines at Volante Underwriting Sweden. He has close to 20 years of industry experience and has been active as Nordic Underwriting Manager for Financial Lines business in QBE and most recently Senior underwriter of Casualty, Financial Lines and Commercial Combined business in Protector. Prior to his time at QBE, Peter spent almost ten years in the broking sector, working for a small local broker and subsequently Marsh.

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Rein Vahemann

Market & Sales Leader, Senior Underwriter

Volante Underwriting Sweden

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Rein Vahemann

Market & Sales Leader, Senior Underwriter

Volante Underwriting Sweden

Rein is portfolio manager and senior underwriter for property and commercial lines at Volante Underwriting Sweden.

He has 30 years of experience within the re/insurance industry. He began his career placing outgoing facultative and treaty reinsurance for a major domestic carrier. After 10 years in the reinsurance sector, Rein became a senior property underwriter for large industrial clients at a major industrial insurance company. He then joined Aon in Sweden as a specialist broker. In 2008, he joined the launch team for the Corporate Division of carrier Moderna Försäkringar as property manager.

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Stefan Bendes

Operations Director, Senior Underwriter

Volante Underwriting Sweden

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Stefan Bendes

Operations Director, Senior Underwriter

Volante Underwriting Sweden

Stephan is operations director and senior underwriter for commercial and property lines at Volante Underwriting Sweden.

His career spans over 25 years working in both the insurance and risk engineering industry. He began his career at a domestic insurance company responsible for risk engineering and product development. After nine years, he moved to Aon in Sweden where he held several key positions. In 2008, Stefan joined a team launching the Corporate Division of carrier Moderna Försäkringar as head of underwriting for commercial lines.

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Torkel Lindberg

Managing Director

Volante Underwriting Sweden

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Torkel Lindberg

Managing Director

Volante Underwriting Sweden

Torkel is managing director of Volante Underwriting Sweden, and senior underwriter for financial lines and liability insurance.

He has over 25 years of experience in the Nordic insurance market. Torkel was previously general manager for the Nordic Region at QBE Insurance, having set up the regional operations in 2009. He also held several senior positions at Marsh and Willis in Sweden, including head of risk management, and practice leader for financial lines and casualty business, as well as heading up liability and financial lines underwriting at Chubb.

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Ulf-Lennart Johansson

Market & Sales Leader, Senior Underwriter

Volante Underwriting Sweden

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Ulf-Lennart Johansson

Market & Sales Leader, Senior Underwriter

Volante Underwriting Sweden

Ulf is the market & sales leader and senior underwriter for property and commercial lines at Volante Underwriting Sweden.

He has more than 25 years of experience in the insurance industry. During this time, Ulf held several senior positions at If, Marsh and Aon, before joining Moderna Försäkringar, owned by Tryg, where he started a green-field operation focusing on the industrial and commercial insurance sector. He was later promoted to head of the Corporate Division and senior vice president of the company.

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Zuzana Gabor

Finance Manager

Volante Underwriting Sweden

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Zuzana Gabor

Finance Manager

Volante Underwriting Sweden

Zuzana has been active in the insurance industry for 15 years. Before joining Volante Underwriting Sweden, Zuzana was the CFO at Howden Insurance Brokers (part of the Hyperion Group) in Stockholm. Prior to that she worked for 7 years as Finance Manager within the facility management sector.

Zuzana graduated from Stockholm University with Master of Laws degree (LLM) and Bachelor degree in BA.

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