Re/insurance broker Aon has announced the formation of a new Special Purpose Acquisition Company (SPAC) task force.
The leadership team behind the new task force will consist of Kristin Kraeger as national SPAC and IPO leader, Tim Fletcher as western region SPAC and IPO, Uri Dallal as eastern region SPAC and IPO, and Jim Knox, technology regional practice leader.
“Due to a mix of rising premiums and retention deductibles, and shrinking capacity – businesses entering a SPAC need an experienced team that knows the complexities of each stage of the deal,” said Kraeger.
“Our team possesses the unique knowledge of the mechanics of the transaction and offers a guiding light to businesses unaware of the intricacies of this process,” he added.
Aon’s SPAC task force will focus on the deal lifecycle, including offering, diligence, insurance coverage alignment and analytics.
In addition, the team will provide global oversight on program design, insurer selection and claims advocacy.