International Lloyd’s re/insurance broker RFIB has branched into M&A insurance with the launch of its new transaction solutions division.
The new business will provide insurance solutions that address liabilities incurred in the M&A process, which support and help facilitate transactions across a range of industry sectors.
The division will offer insurance solutions that include warranty and indemnity, specific tax liability and specific contingent liability.
“Central to our growth strategy is the development of specialty propositions where expertise, client understanding and in-depth product knowledge act as the differentiator,” said RFIB CEO Dennis Mahoney.
“The transaction insurance sector has undergone phenomenal growth in recent years and there is a clear opportunity for an independent intermediary to provide a bespoke client focused service,” he added.
The broking house has appointed James Wilson as head of the transactions solutions business. He will report to Paul Chilton, RFIB COO.
“James is the ideal candidate to launch our Transactions Solutions business,” Mahoney said of their new recruit.
Wilson has more than 12 years of experience in transaction insurance. He previously worked as head of transactional insurance at Protean Risk and
Aspen, where he also served as financial lines senior underwriter.
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