Markets/Coverages: Willis’ Merger Protect to Help With M&A Compliance Costs; Axon Cyber Launches for Small Enterprises
Willis launched Merger Protect to cover costs from U.S. antitrust reviews, while Axon Underwriting LLC introduced Axon Cyber for small enterprise cyber insurance.Summary
Willis, a WTW business, has launched Merger Protect, a specialty insurance solution designed to help organizations manage the financial impact of U.S. antitrust regulatory review during mergers and acquisitions. The policy reimburses defined costs incurred when a Hart-Scott-Rodino Act Second Request is issued by the U.S. Federal Trade Commission or Department of Justice, covering expenses related to legal counsel, economists, e-discovery, and document review. The solution supports buyers, sellers, and their advisors by providing coverage early in a reportable transaction. Separately, Axon Underwriting LLC has launched Axon Cyber, a dedicated wholesale cyber underwriting unit focused on delivering specialized cyber insurance solutions for small enterprise risk businesses. The new division, led by Glen Manjos, will initially offer admitted, standalone cyber coverage for small businesses and plans to expand into non-admitted coverage for middle market risks, complementing Axon's existing professional liability program.
(Source：Insurance Journal)