Fusion Specialty, an M&A and financial lines insurance specialist serving small and medium-sized businesses, has announced the launch of Fusion Americas, which offers online solutions for M&A insurance in the US. Fusion Americas will be headed by managing partner Brian Hayes (pictured above).
With the launch, the SME market will have online access to Fusion’s SEMI and SEMI+ products, which are designed specifically for small to mid-market M&A transactions, offering deal-appropriate coverage and pricing along with streamlined processes.
Hayes will work with Michael Mora, senior partner of underwriting and operations, and Michael Federer, partner for M&A. Capacity is provided by partners including Markel International Insurance Company, and insurance cover will be delivered through the io.insure - insurtech platform.
Hayes joined Fusion this year as managing partner. He has more than 20 years of global financial lines experience at AIG, having spent the last six years underwriting representation and warranty insurance for complex M&A transactions throughout the Americas for the company’s M&A insurance group. Prior to that, he served as Midwest zonal manager for AIG’s public company executive liability divisions. Hayes is based in Boston.
Michael Mora
Mora (pictured above) was part of Fusion’s founding underwriting team. He is a US-qualified lawyer and certified public accountant with more than 20 years of insurance industry experience, including senior roles in underwriting, financial reporting, financial audits, and regulatory compliance. Mora is based in Fusion’s Chicago office.
Federer (pictured below) joined Fusion after a 16-year legal career, during which his practice focused on advising some of the world’s largest businesses on key strategic initiatives, partnerships and acquisition and disposition activities. Federer’s practice has covered industries including healthcare, finance, retail and petroleum marketing. He is based in Dallas.
Mike Federer
“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,” Hayes said. “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.”
“Having already established Fusion Specialty as the leading small to mid-size M&A transaction insurer in Asia-Pacific, we are delighted to take that valuable experience, security and technology to offer better service in the US marketplace,” said David Rogers, co-founder and executive partner at Fusion Specialty. “This is an exciting milestone for us in the development of our global licensed insurance infrastructure.”
“We offer unique, tech-enabled solutions to resolve today’s inefficiencies and the time and resource limitations in the M&A insurance market,” said co-founder and executive partner Killian McDermott. “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.”
