First Title Insurance - Title to shares brochure

Title to shares

Managing risk with combined title and share insurance Our policies help property transactions proceed quickly while offering peace of mind and protection for both buyer and seller.

Leading Title Insurance

Who are we?

First Title was among the first to offer legal indemnity insurance to property sector clients throughout the UK and Europe, from developers to lawyers.

Today, we work across all business sectors involved in real estate transactions.

M&A property transactions As a property investor, you will know that managing risk sits at the heart of every M&A transaction involving property. Additionally, upon the sale, it is key to be in a position to facilitate a ‘clean exit’ avoiding any contingent liabilities following disposal, i.e. monies held in escrow / keeping expensive fund structures alive.

Common issues and limited cover

Benefits of title and share insurance

Many parties realise that transactional insurance can play an important role in providing everyone with what they need.

Our combined Title & Share Insurance can offer major benefits to address some of these deficiencies, including:

Warranty & Indemnity Insurance has become more prevalent. However, standard policies only offer limited protection in line with the SPA warranties as they are limited in duration, and they typically have a deductible and also exclude ‘known’ issues.

Comfort

If it’s a property-related transaction, involving a single asset or portfolio of properties, ensuring that the Prop Co has good title to the real estate and the shares up to the full market value of the real estate is fundamental.

Enhancing

for cross-borders deals where the buyer may be unfamiliar with the local laws and practice.

A

clean exit for sellers reducing or removing post-closure liabilities. bid proposals by offering lower liabilities to the sellers.

Peace

of mind for buyers where distressed assets are involved.

Protection

Capacity may also be an issue leaving the buyer under-insured in certain key areas such as the market value of the property(s) and the shares in the Prop Co.

during your entire period of ownership of the asset(s).

Cover

up to the full market value of the asset.

Potential

cover for known risks identified during the due diligence process

No

deductible.

Competitive

pricing when compared to typical W&I premium rates.

London Call: +44 (0)20 7160 8666 Email: euro.team@firsttitle.eu Visit: www.firsttitle.eu

Budapest Call: +36 1 301 0835 Email: office@firsttitle-cee.com Visit: www.firsttitle.eu

First Title Insurance plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. First Title Insurance plc is registered in England under company number 01112603.

Registered office: ECA Court, 24-26 South Park, Sevenoaks, Kent, TN13 1DU.