Allianz Global Corporate Specialty (AGCS) has partnered with POP Insurance Holdings - an Australia-based specialist insurance group - to launch a new managing general agent (MGA) focused on mergers & acquisitions (M&A) transactions spanning the Asia Pacific region.
Fusion Specialty M&A, which has already started writing business, will target the private equity and corporate M&A market offering a number of transactional insurance solutions including warranty & indemnity (W&I) coverage, tax opinion, and contingent liability.
Commenting on the launch, Killian McDermott, co-founder and executive partner of POP and Fusion, shared: “We are delighted to announce the launch of Fusion M&A Insurance MGA, in partnership with Allianz. Our team of experts are committed to delivering better local solutions for clients, enabled by advanced technologies and leading to greater efficiencies across distribution, underwriting and servicing.”
David Rogers, co-founder and executive partner, and head of M&A, added: “Fusion is pleased to partner with Allianz, one of the world’s leading insurers. Our partnership has provided Fusion’s M&A MGA with access to Allianz’s extensive network of operations across the APAC region, uniquely positioning Fusion and Allianz with a market leading M&A offering, right out of the gate.”
Damian Lynch, regional manager financial lines Asia Pacific, commented: “As an organisation, we are excited by the opportunity to partner with Fusion to bring another product to market to meet the needs of our clients. We strive to cover all aspects of our client’s operations and the introduction of our W&I offering puts us in the position to be able to do that.”
Willem VanWyk, CEO of AGCS, added: “Allianz is proud to broaden our suite of products to meet the changing demands of the market. As we strive to service our clients’ needs, the development of our offering is key to future success.”