HDI Global Specialty SE, the collaborative specialty insurance venture between HDI Global and Hannover Re, has announced a new underwriting agency partnership with Fusion to offer additional capacity in the mergers and acquisitions insurance market in Australia.
This new partnership will see that HDI Global Speciality will assign its underwriting authority to Fusion, a specialty insurance MGA platform, to write Warranties and Indemnities insurance on its behalf.
Fusion, who is based in Sydney, Australia, is already well-established in the M&A market, and will continue to deliver capacity and services in support of the growing Private Equity and Corporate M&A marketplace in the region.
Mark Fleiser, General Manager and Head of Branch, HDI Global Specialty discussed the announcement: “With Fusion we are once again partnering with stand-out professionals in what is a highly sophisticated and specialised line of business. We look forward to working with Fusion and together enhancing the further development of the Fusion portfolio.”
“Fusion is delighted to partner with such a highly reputable global insurer as HDI Global Specialty, with access to additional capacity and its strong presence in Australia.” commented David Rogers, POP and Fusion’s Co-founder and Executive Partner and Head of M&A.
Killian McDermott, POP and Fusion’s Co-founder and Executive Partner further added: “This is another exciting milestone for Fusion. Our partnership with HDI Global Specialty further enables us to lead local solutions, with a more efficient and flexible approach for small to mid-market M&A transactions.”
This announcement was made after Louise Parker and Charles Boorman were added to HDI Global’s Management Liability & Financial Institutions team.
Date:3RD August, 2020