In the News: SPAC Boom Continues

By admin | 20 May 2021
In the News: SPAC Boom Continues (post image)
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The SPAC market momentum continues at record speed
  • The money raised through SPACs in January alone surpassed that of all of 2020
  • 223 SPAC’s in 2021 raising $72 billion year-to-date. 2020 saw 248 SPACs
  • February already has record numbers…..
Will the bubble burst? Will litigation risk increase?  
What you need to know:

  • Board preparedness on D&O coverage terms, adequacy of limits, and appropriate coordination between SPAC Policy, Runoff Policies and de-SPACing a new company.
WHY CRS CAN HELP NAVIGATE THE BEST SOLUTION AND PROTECTION
  • Need for strong expertise and independent (unconflicted) diligence process
  • Independent advice and tools to help structure the best protection for the board
  • Partner with brokerage to enhance placement strategies and improve results in a SPAC insurance marketplace where carriers are already trying to significantly decrease limits and reduce their exposures
  • Prepare and give guidance on total budget, adequacy of limits, policy coverage terms and proper policy response
  • CRS works with virtually any brokerage partner and has a wide breadth of knowledge and relationships to navigate the BEST solution for appropriate D&O Coverage.

CRS is an independent advisor across the risk continuum, navigating clients through the otherwise opaque insurance marketplace.

If you want to learn more, give us a call: 212-686-4111

or email us: info@crslimited.com