Tax & Contingent Risks

Best-in-class expertise

Our market-leading Tax & Contingent Risks team is the largest, most experienced, and most sophisticated broking team of its kind. Drawing on deep expertise across tax, litigation, finance, and deal structuring, we design innovative risk transfer solutions for clients operating in an increasingly complex and fast-growing market. We are trusted to execute on some of the most complex transactions globally and are recognised for delivering best-in-class outcomes where certainty, speed, and technical precision are critical.

We work with clients across the full spectrum of the aviation sector. Whether you are a global corporation or a specialist operator, an established household name or an emerging start-up, we bring the depth of technical knowledge and breadth of experience required to deliver market-leading outcomes—no matter how complex the risk.

Tax risk insurance

Tax risk insurance is designed to provide financial protection where an identified tax risk crystallises into an actual liability, transferring that risk to the insurance market.

Leveraging the deep technical expertise of our brokers, we work closely with insurers to structure innovative policies that address the complexities of today’s evolving global tax environment.

Use cases for tax risk insurance

Preservation of tax credits and incentives
Withholding tax risks on cross-border transactions
Preservation of carry-forward tax losses
Accounting and tax recognition risks
Specific tax issues identified during M&A or divestments
Hedging and derivatives tax risks
Unwinding legacy structures
Forward-looking cover for anticipated transactions
Live tax disputes and litigation
International tax risks (e.g. Pillar II, anti-hybrid rules, CFCs)
Remuneration and incentive scheme risks
Tax residency and permanent establishment risks

Litigation and legal risks

Contingent legal risk insurance provides cover for losses arising when a legal risk crystallises. While frequently used in M&A transactions, it also has broad application across restructuring and insolvency, liquidation, litigation, and finance.

Our team—including former litigators and investment bankers—takes a forensic approach to risk assessment, designing bespoke insurance programmes that deliver practical, transaction-enabling solutions.

Use cases for litigation and legal risk insurance

Cash release
Law firm contingent fee insurance
Lender comfort and pricing improvements
Release of contingent liabilities
Indemnity, bond, and collateral release
Investment committee approvals
Monetisation of contingent assets
Appeal risk insurance
Litigation stop-loss and catastrophe protection
State or state-owned entity defendant non-payment
Adverse costs, security for costs, and cross-undertakings

Financing solutions for tax and contingent assets

Insurance-backed lending enables clients to refinance or achieve an effective early sale of otherwise illiquid tax and contingent assets. In certain jurisdictions, our team holds the necessary regulatory permissions to arrange debt placements, supporting balance sheet optimisation and enhanced liquidity.

These solutions allow clients to transfer the risk of non-realisation of contingent assets to the insurance market and raise capital from traditional or alternative lenders, secured against insured contingent assets.

Carbon and energy transition insurance solutions

Our innovative Carbon and Technology Performance insurance products support the transition to net zero. Within carbon markets, we provide coverage that protects project developers, investors, buyers, and aggregators against credit invalidation or cancellation, political risks, non-delivery, and natural perils.

For early-stage climate technologies, technology performance insurance helps bridge the financing gap by covering risks related to underperformance or failure—supporting investment into decarbonisation solutions.

Legal, technical, and claims support

The benefits for you

We go beyond placing insurance. Our focus is on delivering optimal cover while adding value through premium service, efficient processes, and exemplary claims support.

Drive growth

Remove roadblocks in M&A transactions and resolve complex strategic or structural issues that might otherwise delay or derail deals.

Unlock liquidity

Release trapped cash, indemnities, and collateral held against contingent liabilities, improving balance sheet efficiency..

Achieve certainty

Mitigate worst-case downside risk, lock in investment returns, preserve favourable judgments, and support capital preservation strategies.

Access to finance

Risk transfer solutions can unlock alternative financing options and improve access to capital on more attractive terms.