Insurers jostle to give dealmakers cover

LONDON: A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials say.

Keen for revenue after a year marked by payouts for event cancellations and shuttered businesses, insurers are tapping into the appetite of deal-seeking firms to protect themselves should the businesses they want to buy misrepresent their accounts.