Aon plc, a global insurance and reinsurance broker and risk advisor, has expanded IBEX, a proprietary transaction insurance product offered within its M&A and R&W practice, to provide 100 days of true interim breach coverage.
This exclusive product is available to Aon clients and is backed by A+ AM Best-rated security, drawing on four years of successful IBEX trading history and paid claims.
Building on Aon’s property data, actuarial analytics, and global market expertise, IBEX has grown into a unified global solution.
It expands upon its established presence in the US to cover the UK and EEA, giving clients enhanced protection and certainty throughout the critical period between signing and closing.
Martyn Chattey, Chief Broking Officer, Americas for Aon, said: “Innovation is central to how Aon helps clients navigate increasingly complex transactions. As re/insurance markets recalibrate and capital becomes more selective, our ability to combine proprietary data, analytics and global market expertise allows us to redefine what is possible.
“IBEX and Sidecar X demonstrate how we are translating that insight into differentiated solutions that create unmatched value for clients while supporting sustainable returns for our re/insurer partners.”
The IBEX expansion follows the August launch of Sidecar X, the fifth generation of Aon’s global Sidecar platform.
Sidecar X provides Aon clients exclusive access to as much as US $200 million in dedicated capacity for representations and warranties and tax insurance programs through pre-negotiated arrangements with highly rated insurers.
Together, IBEX and Sidecar X complement Aon’s broader suite of transaction solutions. The demonstrate the company’s ongoing commitment to driving innovation for clients, while delivering sustainable value for capital providers and strong carrier partnerships.
