Insurance Due Diligence Results in Comprehensive Overview of Assets and Liabilities

As part of its growth strategy, an international engineering firm was exploring acquisitions with construction and engineering projects throughout the U.S. and abroad. The client considered some of these transactions as “high risk / high reward” and thus, was particularly interested in the historical insurance and legacy claims these entities had. During the due diligence phase, Arcina assessed the companies’ legacy liabilities and conducted insurance archaeology to uncover historical policies. For each acquisition, Arcina charted the insurance programs back to the 1950s, gathered the relevant insurance policies and identified gaps in coverages. As a result of the investigations and subsequent work, the client obtained a centrally located library and catalog of its historical insurance for the parent company and many of its holdings. This provided a comprehensive overview of the insurance assets and liabilities.