The Voice of Insurance · 2026-06-23 · 52 min
Today’s podcast is a masterclass with an expert in a class of business that has exploded with growth over the past decade. M&A insurance is a broad church that holds a large number of products that are all related to inter-company transactions. Representations and Warranties, potential tax liabilities, litigation risk and other contingencies related to M&A are the subject of this incredibly innovative segment of insurance. Three decades ago Alistair Lester was in on the ground floor as the class of business developed out of the D&O market. Today this is a class that is producing $10-12bn in annual revenue and can put out very meaningful maximum limits of around $1.5bn dollars for any one deal. But it’s a class that most of us won’t be familiar with, or perhaps one that some of us might think we won’t be suited to because we imagine it’s full of people who first trained as lawyers and then got into insurance. Now Gallagher’s CEO of Private Equity and M&A for Europe the Middle East and Africa, Alistair is proof that this is a class where traditional insurance brokers can thrive. This is one of the most energetic and fun conversations I have had on the show for some time.
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