Volante Transaction Services (VTS) is a dedicated global team of mergers and acquisitions professionals who deliver swift and certain transaction liability insurance solutions that are underwritten by local market experts. Our team is located over more than 10 locations globally to ensure local access to in market experts but also around-the-clock cover across time zones when needed. Our team are former top-tier M&A advisory professionals who get M&A. They apply the same high-standards of service excellence that are required of all advisory professionals so that we can swiftly facilitate corporate transactions with predictability and certainty.
VTS specialises in warranty & indemnity insurance (representations and warranties insurance) and tax liability insurance. We offer a range of tailored, highly bespoke products for complex M&A but also simplified and expedited products for less complex deals.
We are available around-the-clock and able to swiftly respond to your needs and transaction timetable. Our global team offering ensures not only in market local expert resource but also the availability of a broad range of sector and segment specialisms. When you work with VTS you know you can undertake your corporate transaction with complete confidence that we will be there when needed to provide your insurance solution.
We understand that during a corporate transaction dealmakers need certainty and swiftness. That is why, when you work with VTS we are focussed on delivering the solution that your deal needs in a timely manner. We turn documents and actively engage with you as you would expect from any high-quality deal team member. Our around-the-clock global service means we are never ‘out-of-pocket’ when needed.
VTS knows that our solutions need to run coherently from policy to claims. We are there when you need us at claim time. We have a committed and experienced claims team who will deal with you directly rather than send you to third-parties. The VTS team ensures our claims professionals have a comprehensive understanding of your deal and the insurance solution that relates to it and will work with them so that claims are resolved efficiently.
Global team with local experts
VTS is an insurance partner that understands local market practice through its in-market specialists but our local underwriters are backed by the resources and expertise of a global team. We are available around-the-clock and able to swiftly respond to your needs and transaction timetable.
Expert M&A Experience
Our team are former top-tier M&A advisory professionals who get M&A. We are there to facilitate your transaction and work alongside dealmakers to provide the insurance solution for your deal. We turn documents and actively engage with you as you would expect from any high-quality deal team member.
VTS offers its insurance solutions through Volante Global’s Lloyd’s Syndicate 1699. This means we are not beholden to the requirements of third-party insurers and can deal directly with you on all matters. You have the certainty of knowing your policy is backed by Lloyd’s.
The VTS team is a client orientated deal facilitation team. We jigsaw with your requirements and speed of timetable putting your transaction’s needs at the centre of our work. To facilitate this, we ensure our team is empowered to make decisions and get your insurance solution to you whilst also being able to draw on the expertise and knowledge of our global team.
Policy to claims cover
VTS knows that our solutions need to run coherently from policy to claims. We are there when you need us at claim time. We have a committed and experienced claims team who will deal with you directly and will work with underwriters and you so that claims are resolved efficiently.
A W&I insurance policy ensures that transaction funds received by a seller do not need to be retained or ring-fenced to meet potential future liabilities arising from the transaction as this liability is transferred to the insurer. This risk transfer, that allows a seller to move forward without the threat of future recourse to it, is known as a ‘clean exit’.
Transaction parties may have differing expectations of the contractual liability structure contained in a sale agreement (such as where transaction parties are accustomed to the market regimes of different jurisdictions). Where this is the case, a W&I insurance policy can bridge the gap between the expectations of each party and provide a mutually accretive solution.
Certainty of security
Where a buyer uses a W&I insurance policy, it is able to transfer the risk of a claim under the warranties & indemnities to the insurer. In so doing, it will have certainty that the insurer will stand behind the policy and be available to settle any claims. This removes any innate seller credit risk and the need to retain funds for future claims in an escrow account.
Continuing commercial relationships
There may be circumstances where the transaction parties have ongoing commercial relationships (such as where the seller or its management team are involved in the target business after the completion of the transaction). A W&I insurance policy enables a claim to be made against the insurer rather than pursuing the seller for an inadvertent breach and hence avoid possibly damaging any ongoing commercial relationship.
By stapling a W&I insurance policy to the sale agreement in any competitive auction process a seller may expedite the process and ensure it achieves a ‘clean exit’ (such as where it mandates that buyers must use a W&I insurance policy with any bid) and a buyer may improve the attractiveness of its bid to a seller (such as where insurance is not compulsory within the auction).
Passive seller protection
Some sellers are not actively involved in the conduct of a target business and yet are required to provide a full suite of warranties & indemnities. Such passive sellers are able to protect themselves from future transaction liabilities that arise due to breaches of warranties & indemnities by transferring this risk to an insurer through the use of A W&I insurance policy.
Governance and risk management
Obtaining a W&I insurance policy for any corporate transaction forms a key part of a prudent corporate risk management strategy and removes the potential for large future liabilities to arise due to undertaking M&A activity.
VTS knows that our insurance solutions need to run coherently from policy to claims and that claims must form a key part of our value proposition. We are there when you need us at claim time. Our underwriters all have vital experience with the claims process and facilitating a timely and efficient resolution of claims. They assist our committed and experienced in-house claims team who will deal with you directly rather than send you to third-parties.
The VTS team ensures our claims professionals have a comprehensive understanding of your deal and the insurance solution that relates to it and will work with them throughout the claims process.
Our partners can be assured that we strictly maintain claims confidentiality and appreciate the adverse impact that disclosing the details of commercially sensitive claims may have on our clients, not only to their current investments and relationships but also to the raising of future funds and future transactions. As such, we do not advertise our claims resolutions or use your policy claim as a marketing tool.
If you wish to make a claim, we are here to help. Please refer to the terms of your policy for the precise details of the claims process including time periods for notification but should you require assistance, our claims team are contactable by e-mail at [email protected] and your underwriter will also be very pleased to assist with any queries.