Gary P. Blitz This is Me

 Web References

1. 1. Daily Deal - Risk Management - Insuring the Deal

   www.mergercoverage.com/resourc - [Cached]

   Published on: 6/4/2003   Last Visited: 1/4/2007

   Gary Blitz, now an M&A and insurance partner with Piper Marbury Rudnick & Wolfe llp, a law firm in Washington D.C., helped Lloyd's draft its first tax policy. "Through that structure, we got into tax and financial risk that was in the context of the transaction," he recalls. Lloyd's tax policy has been available to buyers and sellers entering into financial and M&A transactions since 1985.

2. 2. Investment Trends and Deman for Historic Tax Credits Described by Speakers at NH&RA Conference

   housingonline.securedata.net/h - [Cached]

   Published on: 11/29/2002   Last Visited: 8/18/2003

   Speakers included: Marc Schnitzer, Related Capital Company, New York City; John Leith-Tetrault, National Trust for Historic Preservation, Washington, DC; Diane Ross, Bank of America, Tampa, FL; and Gary Blitz, Piper Marbury Rudnick & Wolfe, Washington, DC.
   ...
   Blitz, an attorney who works on historic tax credit deals, said there are companies that specialize in selling tax credit insurance to mitigate the associated risks to investors.
   
   "Insurance works great when you're working with an investor who's not in the real estate business, and who may be uncomfortable about some of the tax issues," he said.
   ...
   Blitz said insurance policies typically have a seven-year term, but vary in cost. "Premiums typically have run 4-6 percent of the amount of insurance purchased," he added.
   
   Blitz said "only a handful of insurers" offer insurance for historic tax credit projects. Certain Lloyd's of London underwriting syndicates have insured historic credit deals and "domestically, CNA Pro is looking at this area," he noted.
   
   Help Needed for Smaller Deals

3. 3. JLNS Issue #220

   www.get-serious.com/NewsServic - [Cached]

   Published on: 4/26/2000   Last Visited: 11/18/2001

   As merger mania grips industries of all sizes, companies are looking to insurance for protection from problems during and after a deal, says GARY P. BLITZ, a partner and member of the mergers & acquisitions and insurance practice groups of PIPER MARBURY RUDNICK & WOLFE LLP. Blitz recently counseled an insurance company client in conjunction with its underwriting of representations and warranties insurance for a company merging with another company owned by its employees. "Part of the motivation was that you had employee-owners, who, after the transaction, would then be working for the new owners," says Blitz. "It gets awkward if you have to go chasing after your executives to solve problems." Blitz is available to discuss the unusual types of merger insurance available, and strategies for using them.