Fusion Specialty has launched Fusion Americas in the SME market in the US. The firm says its the first online-tailored M&A insurance solution to be offered in America.
“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,” said Fusion managing partner Brian Hayes.
Fusion was established in Australia in 2018 and claims to have written more SME deals than any other insurer across the Asia Pacific since 2019.
The firm’s news release said SMEs will have online access to Fusion’s SEMI and SEMI + products specially made for small to mid-market M&A transactions, offering deal-appropriate coverage and pricing.
“We offer unique tech-enabled solutions to resolve today’s inefficiencies and the time and resource limitations in the M&A insurance market,” said Killian McDermott, co-founder and executive partner of Fusion.
“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,” he added.
Hayes will lead the operation and brings more than two decades of global financial lines insurance experience from his previous roles as underwriter and vice president at AIG.
He is joined by Michael Mora, senior partner of underwriting and operations and Michael Federer, partner of mergers and acquisitions.
“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,” said Hayes.
