RCA’s role in a claim is an adviser to, and advocate for, the insured party. We have handled claims on policies with all the major M&A insurers globally, with many different types of warranty breach. RCA uses this experience to help obtain the best outcome for an insured. Our relationship with the claims teams of M&A insurers is bolstered by the relationship we have with the underwriting teams. The claims environment can occasionally feel adversarial; however, clients of RCA have the benefit of all our previous experience, and our long-term relationships, developed over many years, which means a more collaborative approach and a more efficient, swifter resolution.
The same individual from RCA that advised on the policy at the time of the insured transaction will advise on the claim. In that way, there is already an understanding of the transaction the insured and the target company. We will also be familiar with SPA, the advisers, and other elements of the transaction, which means the insured will not need to spend time getting another adviser up to speed. Unlike a separate claims team, we will also hold the relationship with the underwriter at the insurer, who we will encourage to be involved to assist their claims department in understanding the claim and the impact on the insured.
RCA is involved from before the initial claim notification is made to insurers – advising insured’s on the best way to present their claim – through to final settlement, including attending settlement meetings or meditations. We also advise on policy wording, for example, giving input on how a particular clause is usually interpreted.
We would be pleased to assist with any Claim enquiry. Please complete the form and one of the team will respond as soon as possible.