Insurance brokerage Aon recently announced the appointment of Jonty Vavasour as executive director, M&A and transactions solutions in New Zealand – an appointment that is well timed, as M&A activity is becoming less predictable and the need for warranty and indemnity (W&I) insurance is growing.
Vavasour says there is “significant growth potential” for an M&A risk management service in New Zealand, and that there is a higher need for skilled insurance brokers to navigate the risks of an increasingly unstable geopolitical environment. He also says W&I insurance is not just for big-ticket transactions – SMEs can benefit from having it in place for rural transactions, and transactions involving smaller asset classes.
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