Business Services Industry
Gaining a higher profile
Business Insurance, October, 1998 by Wojcik, Joanne
JOANNE WOJCIK The merger mania that has struck corporate America in recent years is giving risk management a good name. Because of the enduring soft market and the many innovative risk transfer options available today, it's possible to arrange insurance coverage to remove potentially devastating liabilities from the balance sheets of acquisition targets, making them more attractive to buyers.
Risk managers and their consultants can even add value to a deal by consolidating existing insurance programs into a single global program, according to Michael Marcon, executive vp of Aon Risk Services in San Francisco. 'Obviously, every dollar of savings that we can generate on behalf of the buyer goes toward increasing the return on the investment that they're making,'...
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