CNA is a market leader for Transaction Insurance products, which are insurance coverages designed to provide clients with customized solutions that facilitate the accomplishment of strategic objectives in connection with a wide variety of situations such as financings & investments, licensing agreements, liquidations, mergers & acquisitions, and restructurings & workouts.  The managing general underwriter, Ambridge Partners LLC, underwrites these products for CNA.  For more information about Ambridge Partners, go to http://ambridgepartners.com.

Transactional Insurance products can bridge the gap between negotiating parties with insurance for financial exposures associated with many business or legal contingencies that prevent the completion of a transaction for reasons that include:

• the parties to the transaction cannot agree on how financial responsibility for a contingency will be allocated
• differing perceptions exist as to the magnitude of the potential exposure associated with a contingency
• the potential quantum of the exposure(s) associated with a contingency is significant relative to the size of the transaction
• a party wishes to wind up its affairs or liquidate and as such cannot assume financial responsibility

Transactional Insurance products offered by Ambridge Partners include:

• AppealGap® Contingency Insurance
  Insurance for loss incurred by the insured because a judgement, verdict, arbitration award or agency determination favorable to the insured has been overturned on appeal.
  
  
• AvoidanceGap® Contingency Insurance
  Insurance for loss incurred by the insured due to decharacterization of a transaction resulting in the clawback of amounts paid or imputation of a third party's liabilities to the insured.
  
  
• DisclosureGap® Representations & Warranties Insurance
  Insurance for loss incurred by the insured as the result of the breach or inaccuracy or respresentations and warranties made in a transaction agreement.
  
  
• FiscalGap® Tax Deed Replacement
  Insurance for pre-closing tax liabilities of the target company not provided for in the target's financial statements and not known to the buyer at the time of the transaction closing.
  
  
• InterpretationGap® Tax Insurance
  Insurance for loss incurred by the insured as the result of one or more tax treatments being challenged and disallowed by the relevant tax authority.
  
  
• LiquidationGap® Policy for Private Investment Funds
  Insurance for loss caused by indentified or unknown potential exposures, whether contractual or otherwise, that do not crystallize until after the date that the insured liquidates.
  
  
• Liquidating Trustees Liability Insurance
  Insurance for liabilities of a liquidating trust and loss suffered by the trustees and employees of a liquidating trust as the result of claims made against them in their capacity as such.
  
  
• Specific Contingency Insurance
  Insurance for loss incurred by the insured due to the crystallization of an administrative, judicial, or legislative exposure or unintended interpretation of a contractual provision.
  
  
• Specialty Management Liability Insurance
  Insurance for loss incurred by directors, officers, fiduciaries or transaction professionals as a result of their service in crisis or complex risk situations or in connection with a transaction.