A European investor was looking for W&I cover with regards its 50% acquisition of a UK chain of fast food restaurants looking to expand into Europe.

Given the nature of the business the portfolio of restaurants was very broad across the UK and the buyer had adopted a sampling methodology which it required an insurer to get comfortable with. In addition, the IP relating to the business was identified as critical for the buyer so an insurer with IP expertise was required in order to maximise coverage where possible through enhancements.

Using Icen Risk's in-house underwriting experience we were able to offer the buyer a comprehensive W&I package covering the warranties relating to all of the sites (notwithstanding the sampling approach) and also enhanced IP warranty coverage.