Protectors of Capital
Specialized Transactional Risk Insurance Solutions
Insurance for M&A and Complex Corporate Transactions
Zion Underwriting is a specialty transactional risk insurance program focused on providing tailored risk transfer solutions for mergers, acquisitions and structured corporate transactions. Operating within Novacore’s Alternative Risk segment, Zion delivers sophisticated underwriting solutions that enhance deal certainty and mitigate financial exposure.
We specialize exclusively in representations and warranties insurance (RWI), tax insurance and contingent risk insurance, supporting private equity firms, corporate acquirers, investment banks and transaction advisors navigating complex transactions.
Our Transactional Risk Insurance Solutions
Our representations and warranties insurance solutions protect buyers and sellers against financial loss resulting from breaches of representations and warranties in purchase agreements.
RWI insurance helps:
- Reduce escrow requirements
- Facilitate cleaner exits for sellers
- Enhance competitiveness in auction processes
- Improve capital efficiency for private equity sponsors
Zion Underwriting delivers disciplined, transaction-focused underwriting designed to support efficient deal execution.
Zion Underwriting provides tailored tax liability insurance solutions to address risks arising from uncertain tax positions in mergers and acquisitions, restructurings, and investments. Our policies are designed to transfer identified tax risks and provide balance sheet protection.
Tax insurance is used to facilitate execution, preserve economics, and provide certainty where indemnities are unavailable or insufficient.
Coverage may address:
- Tax authority challenges, including audits, examinations, and adverse determinations
- Recharacterization of transactions, entities, or financing arrangements
- Qualification of intended tax treatment under applicable law
- Utilization of tax attributes, including NOLs, credits, and basis adjustments
- Exposures arising from diligence or structuring
Our contingent risk insurance solutions address known legal, regulatory and financial exposures identified during due diligence.
These policies are structured to:
- Ring-fence identified litigation risks
- Transfer regulatory uncertainty
- Support transaction certainty
- Provide financial protection for discrete exposures
We work closely with brokers and counsel to structure coverage that aligns with deal objectives and timelines.
Why Work With Zion
Underwriting Expertise
Zion is led by industry veteran Michael Mora, a seasoned transactional risk underwriter with deep experience in building and managing high-performing deal-driven insurance operations. Our team brings thoughtful, disciplined underwriting, a practical approach to risk and an understanding of the unique dynamics of M&A transactions.
Specialized Focus
Transactional risk insurance requires precision, responsiveness and a deep understanding of deal structures. We underwrite with specialization — not as an add-on to a broad book — ensuring that every placement is evaluated with expertise and attention.
Partner-First Approach
We work collaboratively with brokers, advisors and in-house counsel to structure solutions that align with your deal objectives. Our process is transparent, communication-oriented and designed to support efficient execution.
Backed by Novacore
Zion Underwriting operates within Novacore’s Alternative Risk segment, combining Novacore’s underwriting infrastructure, operational discipline and distribution reach with Zion’s transactional risk focus.
Our Team
