Sydney-based specialist insurance group POP Insurance Holdings and its subsidiary, Fusion Specialty M&A MGA, have entered a strategic partnership with Rakuten General Insurance to focus on mergers and acquisitions (M&A) transactions in Japan.
The partnership is offering a full suite of transaction insurance solutions to serve the growing Japanese private equity and corporate M&A marketplace, including warranty & indemnity, tax opinion, and contingent liability offerings.
Under the arrangement, Rakuten will provide distribution, direct insurance paper and insurance administration services locally for the Japanese M&A insurance market.
In return, Fusion M&A will deliver capacity, as well as distribution, underwriting and claims management services to support Rakuten’s growth across Asia Pacific.
“We are delighted to partner with Rakuten as another significant step in the build-out of an eco-system of partnerships across the Asia-Pacific region,” said David Rogers, POP and Fusion’s Co-founder and Executive Partner and Head of M&A.
Killian McDermott, POP and Fusion’s Co-founder and Executive Partner, also commented: “There is a great opportunity for the Partnership to better serve and to lead the growth of the Japanese M&A Insurance market.”
“With our commitment to local expertise and solutions, and to enable a better insurance experience through design, data and technology, we align with Rakuten’s stated mission of ‘empowering individuals and society through innovation’; and their commitment to ‘fulfill the diversifying insurance needs of their customers and to provide the most optimal insurance service,’” McDermott continued.
Finally, Kosuke Inada, Senior Executive Officer, CEO Office and Chief Underwriter for M&A Insurance at Rakuten, stated: “We have entered into a partnership agreement with Fusion Specialty Insurance Pty Ltd, a highly reputable W&I insurance expert, delivering a wide range of their support in underwriting, claim handling and reinsurance capacity.”
“Through our product, we will support M&A transactions by Japanese companies and contribute to the further development of the Japanese economy,” he added.
