Zurich Australia Insurance has announced a new underwriting agency partnership that will boost its capacity in the mergers and acquisitions (M&A) insurance space.
The agreement will see Zurich delegate its underwriting authority to Fusion Specialty Insurance (Fusion M&A) to write Warranties and Indemnities insurance on its behalf. Fusion M&A is a subsidiary of POP Insurance Holdings and is focussed on supporting cross-border M&A transactions throughout the Asia Pacific.
Mr Sean Walker, chief underwriting officer, Zurich Australia & New Zealand, said, “Our partnership with Fusion M&A is another tangible demonstration of how we are deploying our capacity to support brokers in Financial Lines. This is an exciting step for Zurich and our customers, and we are delighted to be helping bring another product to the market.”
Mr David Rogers, POP and Fusion’s co-founder and executive partner and head of M&A, said, “Fusion is delighted to partner with such a highly reputable global insurer as Zurich, with access to additional capacity and its extensive network across APAC”.
POP Insurance Holdings is developing a leading specialist insurance group, delivering growth organically and through small cap acquisitions, focused initially on the Asia Pacific region.