The global mergers and acquisitions (M&A) landscape showed signs of recovery in 2024, with transaction volumes reaching US$3.4 trillion, an 8% increase from the previous year. This resurgence reflects heightened investor confidence and a return to normalcy in the transactional risk market.
As outlined in Marsh’s Transactional risk insurance 2024: Year in review report, the uptick in M&A activity is accompanied by increased demand for transactional risk insurance solutions. At the same time, increased competition among insurers and more knowledgeable insurance buyers are leading to the creation of broader coverage options and tailored solutions to meet diverse needs across industries and regions.
In this episode of Risk in Context, Craig Schioppo, Marsh's Global Head of Transactional Risk, speaks with several of Marsh’s transactional risk regional leaders: Alistair Lowry, in the UK; David Lillo, in Europe; Haoren Fu, in Asia; and Eliza Grant, in the Pacific. They discuss the changes taking place in the continuously evolving transactional risk markets, highlight some of the transactional trends in different regions, and consider how these trends could shape the future of the transactional risk insurance market.
Global Head of Transactional Risk
United States
Craig Schioppo is Marsh’s Global Head of transactional risk. He oversees a global team of specialists responsible for the delivery of transactional risk insurance solutions, including representations and warranties insurance, to private equity and strategic investor clients engaged in mergers and acquisitions around the world.
Head of Transactional Risk, Asia
Singapore
Based in Singapore, Haoren Fu leads Marsh’s Transactional Risk Practice in Asia. His key responsibilities include overseeing the development and placement of transactional risk insurance products, which include Warranty & Indemnity (W&I) Insurance, Tax Liability Insurance, and Contingent Risk Insurance, across the region. He also manages Marsh Asia’s relationships with insurers to help clients access the best coverage options.
Head of Transactional Risk, United Kingdom
United Kingdom
Alastair Lowry is a Managing Director and the Head of Marsh’s Transactional Risk Practice in the UK. Based in London, he provides strategic advice around the deployment and placement of transactional risk insurance solutions to a range of corporate and private equity clients involved in acquisitions, divestments, or other corporate restructuring.
Head of Transactional Risk, Nordics
Sweden
David Lillo leads the Nordic Transactional Risk Practice and has worked with transactional risk insurance placements at Marsh since 2014. Prior to joining Marsh, David worked as an investment professional at a private equity firm, and at a leading international law firm based in Stockholm focusing on private M&A and private equity transactions. David holds an LLM from Uppsala University and an MBA from IE Business School in Madrid.
Head of Transactional Risk, Pacific
Australia
Eliza Grant leads Marsh’s Transactional Risk Practice in the Pacific, specializing in advising private equity and corporate clients on effectively managing merger and acquisition risks through the strategic placement of structured warranty and indemnity insurance programs. She focuses on helping clients navigate complex transactional landscapes, providing them with tailored risk management solutions to drive successful outcomes.
