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Howden M&A: Annual review 2024
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There were several well documented macroeconomic and geopolitical events that had a significant impact on the deal-making environment across the world last year. Global M&A deal value and volume were down 33% and 18% respectively compared to 20221. Despite this the M&A insurance market remained comparatively resilient.
Our annual review outlines and analyses key trends seen last year, from deal volumes and the most common deal sizes seen, to pricing trends and the top performing sectors and jurisdictions. All findings are supported by data consolidated by our team and presented throughout the report. By using these figures and trends from 2023, we are able to make predictions for 2024 on how the M&A insurance industry is likely to adapt to economic and political uncertainties.
The report is an essential read for clients, brokers and insurers in the global M&A space, providing analysis, expertise and value you can add to your business right away. Access our annual review below.
Videos: 5 key takeaways from the Howden M&A annual review
This year our team have created short videos to accompany the report, focused on 5 key trends to note that are taking place within the M&A insurance industry. This includes innovation and new ways we can protect your deals, interesting changes seen in the French W&I insurance market and how claims have evolved within the current economic environment.
Watch the videos below for high level overviews straight from experts in our W&I, Environmental, Tax & Contingent risks and Claims teams.
Innovation in the W&I market
There have been many innovations in the W&I market to make insuring loan portfolios and secondaries transactions possible. Joe Mathis and Michael Watters explain the progress made in these areas and how this can help secure these deals going forward.
Three trends in the French W&I market
Lucie Bocel explains trends seen in the French W&I (GAP insurance) market including how the audience of W&I insurance has changed, why the sell side initiating insurance policies may become more common and the changes seen in the use of W&I insurance in France.
How is the environmental risk market responding to the changing legislative and regulatory landscape?
Public and private sectors have identified pollution and biodiversity as core risks they are likely to face in the next 2-10 years. Growing pressure around ESG and time pressure when it comes to deals can be complicated issues when considering environmental factors during a transaction. Daniela Bergs explains how environmental insurance can be used as a simple deal tool to reduce complications in the long term.
How are the applications of tax and contingent risk insurance expanding?
Both tax and contingent risk insurance have broad uses and are being seen as a tool for clients to unlock risks. The merging of our tax and contingent risks teams has increased the value we are able to offer clients and allows us to anticipate needs for the developing product. Darrel Lamsdale and Jakub (Kuba) Grabarz discuss how this insurance product is being used in a more dynamic way.
Claims trends and 2024 outlook
2023 was a quieter year for deals but a much busier year for claims. There are common reasons for this which Anna Robsinson explains in the video below, before providing an outlook for what she expects to see this year.
If you would like more information, click here to read our 2024 annual review. The report provides further detailed commentary on trends seen last year, key statistics and industry analysis as well as an outlook for 2024.
1Pitchbook (Data available to end of November 2023)
Contact our team for more information
Michael
Michael Watters
Michael Watters
Associate Director | W&I
Prior to joining Howden M&A, Mike worked at Mott MacDonald as a Structural Engineer. At Howden M&A Mike works primarily on real estate transactions in the UK and Europe. Mike has a Masters in Civil and Structural Engineering from the University of Sheffield. Outside of work Mike enjoys rugby and cricket.
Email: [email protected]
Lucie
Lucie Bocel
Lucie Bocel
Director | Head of France
Lucie is a Director at Howden M&A. Prior to joining Howden M&A, Lucie worked as a Corporate M&A lawyer. At Howden M&A, Lucie supports clients to negotiate bespoke French-law insurance policies (including “assurances de GAP”) on their M&A transactions. Lucie has a Masters degree in Wealth Management (Paris-Sorbonne) and a Master in Business Law (Paris-Dauphine). She has also studied Business and Management at the ESCP European Business School (MEB 2016). She is fluent in French and English. Outside of work Lucie enjoys cooking quiches and running in exotic countries.
Phone: +44 (0) 2071 331 557
Email: [email protected]
Daniela
Daniela Bergs
Daniela Bergs
Director | Environmental Liabilities
Prior to joining, Daniela worked as a Senior Environmental Insurance Underwriter at Liberty Mutual Insurance in New York. Together with the environmental team, her focus is finding insurance solutions for complex environmental liability structures for both real estate and operational transactions. Daniela holds a Master’s Degree in Business Marketing from the University FU Berlin. In her free time, Daniela enjoys literature, philosophy and politics.
Email: [email protected]
Darrel
Darrel Lamsdale
Darrel Lamsdale
Executive Director | Tax & Contingent Risks
Prior to joining Howden M&A, Darrel worked at Barclays where he advised on M&A Tax matters arising from Barclays proprietary M&A. At Howden M&A, Darrel primarily focuses on specific tax risk insurance for PE funds and other operational businesses, as well as developing other tailored insurance solutions. Darrel has a BSc in Biological Sciences from the University of Warwick. Outside of work Darrel is an avid rock climber and cyclist.
Email: [email protected]
Jakub (Kuba)
Jakub (Kuba) Grabarz
Jakub (Kuba) Grabarz
Associate Director | Tax & Contingent Risks
Kuba specialises in tax insurance and has a particular focus on the Benelux and CEE region. He has 10 years of experience as a Dutch qualified tax lawyer. Before joining Howden M&A, Kuba worked at Baker McKenzie, Amsterdam. He has a LLB and LLM from Utrecht University and LLM from the University of Florida. Kuba is also fluent in English, Dutch and Polish.
Email: [email protected]
Anna
Anna Robinson
Anna Robinson
Executive Director | Head of Claims
Prior to joining Howden M&A, Anna was an insurance litigator at Kennedys in London. She has a wealth of experience negotiating complex and contentious claims across various lines of insurance in the UK and New Zealand, as a solicitor and on secondments at London market insurers. At Howden M&A, Anna supports our clients throughout the claims process. Anna has a Bachelor of Laws and Bachelor of Commerce majoring in Finance from the University of Otago. Outside of work Anna enjoys fitness and travel.
Email: [email protected]