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To find out who won, book a table at the British Private Equity Party Awards 2025 on Tuesday, 30 September at The Brewrey, London

Aon

Improving client access to risk capital to help unlock value is a core priority for Aon. Achieving this in a turbulent M&A cycle requires dexterity across a diverse range of insurance products, often thinking outside the traditional deal insurance box.

Our highlights include innovating on a stalled LP-led transaction with a part synthetic/part-conventional W&I policy, adapting an adjacent credit solution to facilitate NAV financing for a GP and applying a direct real estate technique to create a de facto portable capital structure on a landmark hotel deal to 'futureproof' the investment.

Digging deeper, we saw (vs prior period):

• a 5% deal volume increase (264 M&A deals) plus a 12% increase in M&A insurance limits placed ($16bn), despite a declining M&A market.
• an 8x multiple increase in take-up of ACRES, our proprietary real estate solution, enabling clients to access $633mn in combined W&I and title limits (a 240% increase)
• doubling deal volume in WinXS, our exclusive, streamlined W&I excess facility, to over 2 dozen, and trebling the amount of W&I capacity secured through WinXS for clients to over $900mn

We remain focused on the flip side of M&A insurance broking – claims recovery – securing $70mn of paid claims for European clients in 2024, including a £2.3mn pay-out for a UK mid-market PE firm in Q4-24 to help protect value-on investment for one of its portcos.

BMS Group

Over the past year, BMS has demonstrated consistent, high-level engagement in the Warranty & Indemnity (W&I) insurance space, with more than 75% of our clients involved in 11 or more W&I-backed transactions in that time, BMS is clearly embedded in the market's most active dealmakers.

We bring value early in the transaction lifecycle by facilitating alignment between buy- and sell-side stakeholders—particularly important as only 17% of policies are initiated by the buy-side alone. This proactive, collaborative approach helps ensure smoother placement and better outcomes for all parties.

Clients consistently highlight our ability to secure terms with broad initial coverage — cited by 80% of respondents as the most important factor in insurer selection. BMS’ relationships with insurers known for commercial and pragmatic claims handling further strengthen our offering.

BMS has rapidly established itself as a leading player in the secondaries market, combining technical excellence with a highly commercial approach. Leveraging deep expertise across transactional risk and complex fund structures, BMS has become a go-to advisor for GP-led and LP-led transactions alike.

With a reputation built on market insight, responsiveness, and trusted execution, BMS is a strategic partner in navigating W&I insurance with precision and confidence.

Marsh

Marsh’s Transactional Risk team combines extensive international experience, strong insurer relationships, and a client-focused approach to set the standard in transactional risk insurance. With over 400 M&A specialists across 40 offices worldwide, we seamlessly integrate local knowledge into negotiations, delivering tailored solutions for clients in the UK and globally.

Our collaborative approach across Marsh ensures clear communication and a deep understanding of client needs across sectors and jurisdictions.

In 2024, we managed over 300 seller-initiated auction processes across EMEA, demonstrating leadership in structuring sophisticated staple insurance solutions that enable asset disposals without residual warranty exposure, while maintaining competitive tension among bidders. Our UK team is recognized as a market leader in closing staple W&I transactions.

Marsh accounts for an estimated 30% of placements into the London M&A insurance market, totalling approximately $67.8 billion in insurance limits globally in 2024. This significant market share underscores our confidence in delivering optimal outcomes for clients in coverage, cost, and claims management. As a leading broker, we not only secure excellent policy terms but also influence market development by pioneering innovative transactional risk products and solutions.

Our specialised W&I claims team has advised on over 630 claims notifications in EMEA, securing over $1.4 billion in policy payouts globally.

Voting Closed

To find out who won, book a table at the British Private Equity Party Awards 2025 on Tuesday, 30 September at The Brewrey, London