As Hong Kong mulls Asia's growing interest in Special Purpose Acquisition Companies (SPACs), Sandra Lee, CEO of BMS in Asia, was interviewed by Bloomberg's Kiuyan Wong on what the risks and insurance considerations are for investors. Some of these include Directors' and Officers' Liability (D&O) policies that can safeguard against misrepresentation or Warranty & Indemnity (W&I) insurance to provide cover for financial losses incurred from breaches prior to acquisitions.
Finding capacity in this hardening market will be challenging. For those contemplating SPAC structures, it is vital that they engage with insurance specialists earlier on, in order to ensure that they can obtain the appropriate levels of protection needed.
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