Tax Information
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W&I insurance can indemnify the buyer or seller of a company, for loss that may result from a breach of warranty, or a claim that may be made under the tax indemnity in a sale and purchase agreement (SPA).
Themis underwriters want to understand your deal so that we can provide a superior level of coverage. Our policy form contains only 2 standard exclusions (for knowledge and fraud). Working in partnership with our insureds and their advisors ensures our coverage remains market leading.
Themis underwriters are able to provide both buy-side and sell-sidepolicies.
We can deploy up to £[40]m/[€50m] for any one transaction.
Policy periods can be up to 10 years.
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Learn about our Specific solutionsSpecialist underwriters taking a customised approach.
Our skill as underwriters lies in our willingness to ask questions and to challenge the status quo.
We don’t sell products. We listen to the needs of our insureds and hand-craft solutions that address the unique, deal specific risks they face.
We leverage our underwriters’ prior M&A experience and support them with cutting edge technology and a fully resourced underwriting platform, so that they are able to provide market leading solutions in a timely and unobtrusive manner.
Every deal creates opportunities and risks, for both the buyer and the seller. Some of these risks are known. Some are unknown. All can potentially be transferred to the insurance market. Themis has the appetite, ability and authority to provide cover for known risks under our Tax Liability insurance policy, or our tailored Specific Risk insurance policy. For unknown risks, we provide cover under our Warranty & Indemnity insurance policy.
For the seller of a business, insurance can bring peace of mind that highly rated insurers will be sat beside them in the event of a claim. Insurance can also be used by a seller to achieve a cleaner exit and enhance their returns.
For the buyer of a business, insurance can increase the protection that has been negotiated under the acquisition agreement. It can also be used strategically by a bidder in an auction process – to differentiate their offer and secure the target company.
Please speak with your insurance broker about more complex issues that need resolving on your transactions. We can’t make a bad deal happen, but we may be able to create the solution that unlocks the value in your deal.
W&I insurance can indemnify the buyer or seller of a company, for loss that may result from a breach of warranty, or a claim that may be made under the tax indemnity in a sale and purchase agreement ("SPA").
Themis underwriters want to understand your deal so that we can provide a superior level of coverage. Our policy form contains only 2 standard exclusions (for knowledge and fraud). Working in partnership with our insureds and their advisors ensures our coverage remains market leading.
Themis underwriters are able to provide both buy-side and sell-side policies.
Limits of up to £60m/$75m/€75m are available for any one transaction.
Policy periods can be up to 7 years.
Exposures relating to tax are like any other exposure of a business. They need to be managed and Tax Liability Insurance is one way of managing those exposures. Tax Liability Insurance does not exist however to encourage the non-payment of tax, nor the encouragement of schemes or structures that are designed for tax avoidance purposes.
Tax Liability Insurance indemnifies the insured against losses that may result from a successful challenge by a tax authority, as to the position previously taken by a taxpayer.
Tax Liability Insurance can bring certainty to a deal. A buyer may want to proceed with a transaction, but there may be uncertainty in the application of tax law or inadequate time to obtain an advance tax ruling.
Limits of up to £40m/$50m/€50m are available for any one transaction.
Policy periods can be up to 10 years.
Specific Risk Insurance is a targeted deal facilitation tool. It provides cover for loss arising from an issue or matter already known to the deal parties, but the potential outcome (in terms of liability or quantum) remains unknown.
Those known issues that are perceived to be low risk, but where the potential quantum is high, often create a gap between the deal parties, which is difficult to bridge. M&A specific risk insurance can be used to bridge this gap.
Such issues typically involve a greater degree of complexity, when compared with matters typically covered by a general W&I policy. As a result, a more tailored and focused underwriting process is required.
The significant, first-hand deal experience of Themis’ underwriting team, means that we can guide our insureds through this process in an efficient manner to deliver an effective solution.
Limits of up to £40m/$50m/€50m are available for any one transaction.
Policy periods can be up to 10 years.
Themis and Themis Underwriting are trading names of Themis Capital LLP. Themis Capital LLP is an appointed representative of Davies MGA Services Limited , a company authorised and regulated by the financial conduct authority under firm reference number 597301 to carry on insurance distribution activities. Themis Capital LLP is a limited liability partnership registered in England & Wales with company no. OC422881, with its registered office at 10th Floor, 5 Churchill Place, London, E14 5HU
