Leading M&A and financial lines insurance specialist, Fusion Specialty, has launched Fusion Americas – offering new online solutions for M&A insurance in the US.
Fusion Americas will be headed by Managing Partner, Brian Hayes.
The solution will give the underserved small and medium-sized enterprises (SME) market online access to Fusion’s SEMI and SEMI + products, designed specifically for small to mid-market M&A transactions, offering deal appropriate coverage and pricing together with streamlined processes.
Working alongside Hayes will be Senior Partner of Underwriting & Operations, Michael Mora and Partner, M&A, Michael Federer.
In addition, capacity will be provided by first class security, including Markel International Insurance Company, and insurance cover will be delivered over the io.insure – InsurTech platform.
Hayes, who joined Fusion in 2022 as Managing Partner brings nearly 20 years of global financial lines insurance experience from AIG, having spent the past six years underwriting Representation & Warranty insurance for M&A transactions throughout the Americas as part of their M&A Insurance Group.
Prior to that, Hayes managed several portfolios and operations as the Mid-West Zonal Manager for AIG’s Public Company Executive Liability divisions.
Moreover, Mora is a US qualified lawyer and Certified Public Accountant (CPA) with more than 20 years of experience in the insurance industry including senior roles in underwriting, financial reporting, financial audits, and regulatory compliance.
In addition, Federer joined Fusion following a 16-year legal career where his practice focused on advising some of the world’s largest businesses, such as Alimentation Couche-Tard, parent company of Circle K Stores, Inc., and J.P. Morgan Chase & Co., on key strategic initiatives, partnerships and acquisition and disposition activities.
Federer’s practice has covered a wide variety of industries, which includes health care, finance, retail, and petroleum marketing.
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 added: “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, also commented: “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.”
