W&I process timeline

Transaction timeline

Seller or buyer initiates
W&I process / Paragon review initial draft transaction documents and provide feasibility report / complete NDA

Exclusive buyer selected / Seller’s first draft SPA circulated

Indicative terms received from the W&I insurance market and Paragon to advise on pros and cons of options

Insurer selected to complete formal underwriting process (expense agreement signed)


Draft due diligence reports shared with selected insurer

SPA negotiated between buyer and seller

Buyer’s due diligence process commenced

Seller’s disclosure process carried out

Draft policy and underwriting call agenda received from insurer / underwriting call held with insured

Policy wording and coverage finalised and agreed

SPA and other transaction documents finalised and agreed

W&I policy incepts

Acquisition signs