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Insolvency

Willis Towers Watson pioneered the concept of automatic insurance for insolvency practitioners in Australia over 30 years ago and our commitment to restructuring and insolvency continues to this day.

We advise on everything from large complex insolvency and restructuring engagements to bankruptcies, as well as banking clients for mortgagee in possession, financiers, other external managers and transaction-related services including mergers and acquisitions, and due diligence reporting.

Why Willis Towers Watson?

Acting for insolvency practitioners in some of Australia’s largest and most complex appointments, across major airlines, childcare, heavy industry, forestry managed investments, media and telecommunications, mining and resources, and power and energy, we leverage our long experience and subject matter experts from the wider WTW team for all appointments. This ensures our clients receive best-of-breed advice to mitigate any industry-specific risks faced by an insolvency practitioner for new appointments.

Our risk and analytics, and mergers and acquisitions teams work alongside the insolvency team to provide integrated risk and insurance solutions – from pre-appointment advisory, right through to insuring warranties and indemnities in sale transactions when assets and businesses are sold.

We work with insurer partners who have provided unbroken support since our automatic cover facility began. As a result, our clients can be assured they are receiving the broadest possible cover from insurers who understand their unique challenges and are as committed to protecting our clients’ needs as we are.

The OpenCover insurance facility captures all critical insurance classes required for the vast majority of insolvency engagements, including property, liability, motor, construction, marine, aviation, professional indemnity, medical malpractice, statutory liability and many others. This is backed by our Financial, Executive and Professional Risks (FINEX) team, to provide bespoke professional indemnity cover for insolvency practitioners, ensuring their coverage meets the prescribed requirements of ASIC and professional associations.

Mergers & acquisitions (M&A)

When it comes to transaction risk insurance, our M&A team is the most experienced in Australia and New Zealand. The wider M&A team advises on all aspects of the transaction life cycle including warranty and indemnity insurance, tax liability insurance, contingent risk insurance, insurance due diligence, environmental insurance, after-the-event insurance and human capital advisory.

Project advisory and due diligence

Our specialised advisors understand the process and interests of all parties involved within transactions and actively look to add value outside of the typical due diligence role. Our pragmatic approach ensures that the transaction is at the centre of what we do; we work to help you understand the risks arising from a transaction, empowering appropriate controls and management. Our work has earned us an outstanding reputation, honed through extensive industry relationships. We are committed to working with you to achieve a smooth and successful financial close.

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