Marsh has appointed Stefan Farahani as head of specific risks, for its UK private equity and M&A practice.
In his new role, Farahani will be responsible for developing insurance solutions for a wide range of clients, including corporates, real estate funds, and private equity firms, private debt, and hedge funds. Compared to warranty and indemnity insurance (which cover unknown risks), specific risks insurance mitigates known contingent risks that could affect deal activity, impede a transaction, and result in a material loss.
Farahani will be based in London and report to Marsh Specialty co-heads of UK transactional risk Alastair Lowry and Leo Flindall.
Prior to joining Marsh, Farahani was executive director of contingent & tax risks for six years at Willis Towers Watson. Before that, he was a tax associate at the law firm Slaughter and May for four years. During his time at Slaughter and May, Farahani was seconded to GlaxoSmithKline.
“Specific risks insurance is a deal enabler which mitigates issues that could potentially halt transactions through ring-fencing known stumbling blocks,” commented Leo Flindall. “Widely recognised as one of the leading thinkers in this fast-growing and specialist market, Stefan’s advice and counsel will be invaluable to our clients as they work through their deals, and will complement the strength of our transactional risk team.”
“As many organisations plan for their post-pandemic futures, M&A activity is particularly strong in key sectors such as technology, infrastructure and renewables, amid renewed confidence in their recoveries,” added Farahani. “Marsh has an established reputation for developing innovative insurance solutions that get deals over the line, while offering protection against known and unknown risks.
“I am excited to join Marsh, to help develop their strong proposition, and contribute to our clients’ success.”
