When Refinancing Risk Becomes Management Liability Risk

By: Alex Ward

August 10, 2026

As refinancing pressures continue across the commercial real estate market, stakeholders are placing greater scrutiny on how investment decisions are made, not just their outcomes.

In an article for Insurance Business America, Alex Ward examines how refinancing challenges, valuation uncertainty, and liquidity constraints are creating management liability risks for real estate investment managers.

Read the full article here.

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Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; or OBI National Insurance Company, a Pennsylvania insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.