In a more philosophical episode, Bryan and Gena are joined by world renowned tax expert Harry Ballan, Managing Director, Global M&A Group, Alliant Insurance Services, for a wide-ranging discussion of how transactional risk insurance fits into the broader history of risk allocation between parties.

Topics discussed include:

• How Harry’s background as a PhD recipient, university professor, and then his “second-career” as a long-time tax partner at Davis Polk collectively helped prepare him for his broker role at Alliant

• How transactional risk insurance compares to other means to allocate risk throughout history

• Why the transactional risk insurance marketplace illustrates the binary and non-binary nature of risk

• The role that litigation insurance can play in risk management and decision-making

• Discussion of one of Harry’s favorite tax pupils who has a special connection to the podcast