In 2020 and 2021, Special Purpose Acquisition Companies (SPACs) were all the rage. A SPAC is a “blank check company,” publicly traded, and organized for the purpose of merging with a private company. It’s a mechanism for a...more
12/20/2022
/ Brokers ,
D&O Insurance ,
Excise Tax ,
Inflation Reduction Act (IRA) ,
Initial Public Offering (IPO) ,
Insurance Industry ,
Investigations ,
Liquidation ,
Mergers ,
Publicly-Traded Companies ,
Special Purpose Acquisition Companies (SPACs)
In recent weeks, two insurers with significant legacies of occurrence-based general liability coverage took important steps to liquidate their estates.
Bedivere Insurance Company (OneBeacon) Liquidation -
The first...more
Northwestern National, the successor to Bellefonte Insurance Company, was placed into liquidation by a court in Wisconsin in May. Northwestern National was previously put into rehabilitation by the Wisconsin Office of the...more