An international asset management company wishing to acquire a real estate asset in the North of Italy. Both the buyer and the seller are the same asset company acting with different funds. The company needs a W&I to provide suitable indemnification.

The property is a new building located on an historic clay pit. The policyholder wished to have as much coverage as possible, including for the environmental warranties.

Icen Risk is familiar with situation like this, having also a stronger expertise on environmental M&A risks, Icen Risk worked to together with the client, to carve out the specific environmental warranties from the general pollution exclusion and provide affirmative cover.