Fusion hires team to launch the first online tailored M&A insurance solutions in the US
Fusion Specialty, a leading M&A and Financial Lines insurance specialist that is transforming the insurance experience for small and mid-size (“SME”) businesses, has launched Fusion Americas (“Fusion”), offering new online solutions for M&A insurance in the US, headed by Managing Partner Brian Hayes.
In a world first, the underserved SME market will have online access to Fusion’s SEMI and SEMI + products, which are designed specifically for small to mid-market M&A transactions, offering deal appropriate coverage and pricing together with streamlined processes.
Working with Hayes will be Senior Partner of Underwriting & Operations Michael Mora and Partner, M&A, Michael Federer. Capacity is provided by first class security, including Markel International Insurance Company, and insurance cover will be delivered over the io.insure – InsurTech platform.
Hayes commented: “The small and mid-size M&A marketplace in the US is underserved with limited access to suitable insurance products offering appropriate levels of cover, conveniently and at an affordable price point. By using our expertise, combined with our unique digital solutions and partnership distribution, we will fill the protection gap and solve the inefficiencies that have hampered the development of transactional insurance for too long. We are adding further resources in the US and expect to launch InsurTech enabled – representations and & warranties and tailored SME Financial Lines products in the near future.”
David Rogers, co-founder and executive partner said: “Having already established Fusion Specialty as the leading small to mid-size M&A transactions insurer in Asia Pacific, we are delighted to take that valuable experience, security and technology to offer better service and cover in the US marketplace. This is an exciting milestone for us in the development of our global licensed specialty insurance infrastructure.”
Killian McDermott, co-founder and executive partner, Fusion Specialty, said, “We offer unique tech-enabled solutions to resolve today’s inefficiencies and the time and resource limitations in the M&A insurance market. The result will be tomorrow’s better M&A insurance experience for insureds, their brokers, and advisors. Fusion Americas and our M&A ecosystem partners envision significant US market growth for these niche tech-enabled M&A and specialty products and services.”
Further information:
Haggie Partners, London
+ 44 207 562 4444
About Fusion
Established in 2018, Fusion is the leading specialist underwriting agency (MGA) focussed on providing innovative insurance solutions, primarily to the small and medium-sized business market. Fusion has written more SME deals than any other insurer across the region since 2019. Backed by large global insurance partners, Fusion is rapidly expanding globally with offices in Melbourne, Sydney, Singapore, Hong Kong, London and Chicago. To learn more, please visit https://fusion.insure/
Fusion is part of the POP Holdings Group which invests in capital-light, niche, data and technology enabled, and well positioned businesses that are transforming M&A, Financial Lines and specialty insurance experiences. To learn more, please visit https://pop.insure/
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Date
8 June 2021
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Summary
Fusion Specialty, a leading M&A and Financial Lines insurance specialist that is transforming the insurance experience for small and mid-size (“SME”) businesses, has launched Fusion Americas (“Fusion”), offering new online solutions for M&A insurance in the US, headed by Managing Partner Brian Hayes. In a world first, the underserved SME market will have online access […]