M&A and financial lines insurance specialist Fusion Specialty announced that it has launched Fusion Americas to offer new online solutions for M&A insurance in the US, with managing partner Brian Hayes heading the new unit.
Per the announcement, Fusion Americas provides the underserved SME market an 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.
Brian Hayes joined Fusion in 2022 as Managing Partner and brings nearly 20 years of global financial lines insurance experience from AIG, having spent the last 6 years underwriting Representation & Warranty insurance for complex M&A transactions throughout the Americas as part of their M&A Insurance Group. Prior to that, he managed significant portfolios and operations as the Mid-West Zonal Manager for AIG’s Public Company Executive Liability divisions. Brian graduated from Boston College with a B.A. in Economics and is based in Boston, Massachusetts.
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.
“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,” Hayes stressed.
“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,” Hayes added. – InsuranceNewsAsia.com
