JLT MERGERS & ACQUISITIONS GROUP Fund Liability, Transactional Risks, Due Diligence, Operational Risk Solutions
2 WHO IS JLT? JLT Group is one of the world s five largest global brokers, a leading provider of insurance, reinsurance, and employee benefits-related advice, brokerage, and associated services. JLT Specialty USA is the U.S. platform of JLT Group. Like our colleagues at JLT Group, we are specialists, not generalists. We offer deep expertise in key industries, and on key products that cross all industries. We help clients find solutions to their most complex areas of risk, where innovation, optimization, and depth of expertise are required. JARDINE MATHESON 132 Years operating in insurance brokerage space $75B Market capitalization 430,000 Employees JLT GROUP 40% Owned by conglomerate Jardine Matheson #1 UK insurance broker according to Insurance Times $4B+ Market capitalization JLT SPECIALTY USA 225+ Employees 13 Locations in U.S. and Bermuda #1 Fastest growing specialty broker in the U.S.
3 WHAT JLT DOES BETTER DUE DILIGENCE Private equity deal advisory Strategic/corporate deal advisory Quantify impact of insurance expense and accruals to the financial statements Review contracts and bank convenants to ensure compliance with insurance and surety requirements Assess the adequacy of coverage given exposures presented Bolt-on due diligence services for platform acquisitions Catastrophic exposure modeling Claims analytics Strategic risk management POST-CLOSING RISK MANAGEMENT STRATEGIES AND IMPLEMENTATION Private equity portfolio aggregation Cross-portfolio strategic risk management Credit risk profiling Sharing innovative claims and loss prevention best practices Expense reduction TRANSACTIONAL LIABILITY SOLUTIONS Representations and warranty Legal contingency liability Litigation buyout Judgment protection Tax liability Successor liability / fraudulant conveyance ALTERNATIVE ASSET MANAGER SOLUTIONS General partner liability coverage Manuscript policy forms Portfolio company management liability programs Claims advocacy services CYBER Consulting on the difference between cyber and errors and omissions coverage and when each or both is best Identification and prioritization of cyber and E&O exposures Creation of robust submissions, in-depth underwriting discussions, and comprehensive policy language Analytics to quantify risk ENVIRONMENTAL LIABILITY SOLUTIONS Pollution legal liability Cost caps Trusts Liability transfers NETWORK LOCAL FOREIGN PROGRAMS Access to JLT s extensive global network SPECIAL SITUATIONS Liquidations Complex claims workouts 363 sales / out-of-court distressed deals Collateral recapture structures
4 JLT MERGERS & ACQUISITIONS GROUP OUR VALUE TO YOU Close More Deals With use of customized transactional risk solutions that help facilitate M&A transactions Increase Valuations Focus on EBITDA and liability movement through risk transfer strategies Preserve and Recapture Cash With strategies to optimize and rationalize risk and insurance spend, including collateral issues Exit Cleanly, Distribute More Capital Sooner With use of risk transfer products to close off seller indemnities and holdbacks 23 DEDICATED private equity professionals in North America NO INTERNAL P&L BARRIERS to bringing our experts to you whenever needed JLT MERGERS & ACQUISITIONS GROUP 56 M&A specialists worldwide 102 Completed reps and warranties deals globally $1.8B Total R&W limit (2015) $1.1B Total R&W limit (through 09/30/16) $10B Total enterprise value R&W (2015) $6.8B Total enterprise value R&W (through 09/30/16) 141 General partner liability deals 81 General partner liabilty clients worldwide SEAMLESS ACCESS to the 2nd largest international network of any global broker ABILITY TO SOLVE complex risk issues ENGAGING JLT Call us early Discuss deal drivers, timing, expectations Proivde JLT access to data room We ll get to work for you
CONTACT ANDRE EICHENHOLTZ Leader, Due Diligence Services 212.510.1884 Andre.Eichenholtz@jltus.com BRAD KOTLEWSKI Leader, General Partnership Liability 212.510.1897 Brad.Kotlewski@jltus.com JOHN MCNALLY Leader, Transaction Advisory Practice 518.698.9626 John.McNally@jltus.com ROB ROBIDEAUX Leader, M&A Client Engagement 713.325.7653 Robert.Robideaux@jltus.com ABOUT JLT JLT Specialty USA is the U.S. platform of the leading specialty business advisory firm, Jardine Lloyd Thompson Group. Our experts have deep industry and product experience serving leading U.S. and global firms. Our key to client success is our freedom to be creative, collaborative, and analytical while challenging conventions, redefining problems, creating new insights, and exploring new options to deliver solutions for each client s unique business and risks. JLT is one of the world s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. We are specialists. Our deep expertise and entrepreneurial culture give us the insights, creative freedom and tenacity to go beyond the routine and deliver better results for our clients. At JLT, clients come first. JLT owns offices in 40 territories and has more than 10,600 colleagues. Supported by the JLT International Network, we service clients in over 135 countries. 2016 JLT Specialty USA jltus.com JLT Specialty USA www.jltus.com JLT Specialty USA November 2016