Global re/insurer, HDI Global Specialty SE has renewed its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI.
Under the terms of the agreement, AMANIKI will be moving from a co-insurance panel of capacity providers to a 100% exclusive binder with HDI Global Specialty.
The Frankfurt based MGA was formed in March 2019 and is one of the first standalone German MGAs to specialise in the M&A insurance market.
With a main focus of UK and European risks, it also has a subsidiary office in London.
The MGA has a broad risk appetite not only in terms of jurisdiction but also industry and risk type, reflecting the team’s composition, language abilities and experience.
Heiko Würtz, Managing Director and Head of Financial Lines at HDI Global Specialty, said: “We are more than happy to strengthen this strategic partnership and to play our part in empowering this aspiring Agency.
“We believe the M&A insurance market in Europe has strong growth potential which the team at AMANIKI is well placed to take advantage of.”
Niki M. Demirbilek, founder of AMANIKI GmbH, said: “We are delighted to have such a strong partner in HDI Global Specialty on our side. They are an experienced M&A capacity provider with a strong global reputation.
“It was important to us that we renewed the agreement at a time when other insurers are re-assessing their exposure to specialty niche products. This partnership will allow us to deliver innovative and flexible solutions to our clients.”
Carolina Rieger-Perdomo, Senior Manager of Transactional Risk Insurance at HDI Global Specialty, added: “Niki Demirbilek is one of the most experienced underwriters in transactional risk insurance.
“She combines more than 20 years’ experience as a qualified German and New York M&A lawyer with more than 12 years’ insurance expertise writing complex, cross border and distress transactions.
“Together with her experienced underwriters Jaco Van der Merwe and Stefania Fontana, they make a formidable team.”
