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Special Situations
Special Situations Group
Financial distress and bankruptcy create unique challenges for a company’s insurance programs, including potentially exposing the personal assets of its directors and officers, constraining precious liquidity and damaging the company’s balance sheet. CAC’s Special Situations Group is experienced in resolving these specific challenges.
CAC’s Special Situations Group is unique in the insurance industry. Our team of restructuring professionals focuses on insurance solutions for distressed companies, companies working through liability management or other out-of-court transactions, companies in bankruptcy, companies emerging from bankruptcy, post-bankruptcy trusts and other complex situations. The team’s experience and expertise create better results in protecting the personal assets of the Board and management, protecting the company’s balance sheet and improving liquidity at a time when it is needed the most.
Our solutions include:
- Personal asset protection for directors and officers.
- Comprehensive coverage for post-confirmation trustees and plan administrators to address fiduciary obligations and allegations of negligence.
- Cost savings in insurance premiums and human capital costs.
- Improved liquidity through collateral recovery with insurance carriers.
- Elimination of hurdles to M&A transactions to increase asset value.
- Dedicated due diligence team to audit policies and identify areas of risk and enterprise value improvement.
- Go-forward, post-transaction insurance programs to address specific post-restructuring issues and capital structure.
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Tax Insurance
CAC Specialty’s Tax Insurance team comprises tax attorneys and former tax insurance underwriters who combine their technical expertise, industry experience, and business acumen to craft innovative and unique tax insurance solutions for every client.
Representation Warranty Insurance
CAC Specialty’s representations & warranties insurance specialists work with buyers in corporate transactions to secure post-closing coverage for losses from breaches of the seller’s representations and warranties, reducing or eliminating the need for a seller’s escrow and facilitating getting deals closed.
Contingency Risk
CAC is a thought leader in litigation risk transfer solutions for corporate litigants and law firms. Our Contingent Risk Practice has a comprehensive approach to building the market, with a focus on strong carrier relationships and a dedicated claims team of attorneys.
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