Expansion and interim breach coverage
Aon plc has expanded IBEX, a proprietary transaction insurance product within its M&A and R&W practice, to provide 100 days of true interim breach coverage. The product is backed by A+ AM Best-rated security and draws on four years of IBEX trading history and paid claims. Having established its presence in the US, the unified global solution now extends to cover the UK and EEA, providing clients with enhanced protection during the period between signing and closing transactions. The expansion follows Aon’s August launch of Sidecar X, which provides clients with access to up to US $200 million in dedicated capacity for representations and warranties and tax insurance programs.