Workstreams include: Finance, Communications, Human Resources, Safety, Information Technology, R&D, Procurement

Day 1 Finance:

  • Coordinate with IT and business units regarding closing of periods and end of period processing
  • Ensure Acquired Co. Letters of Credit remain in place under new banking arrangements
  • Communicate Acquirer limits of authority to Acquired Co.
  • Execute funds transfer at close
  • Provide Acquired Co. exposure and claim data to Acquirer brokers to confirm existing carriers will cover acquisition on Day 1
  • Confirm no change in control issues and existing carrier will continue coverage and list Acquirer as named insured on all policies as back up ...