Zurich Australia has partnered with Fusion Specialty Insurance, a business unit of POP Insurance Holdings launched with the help of Allianz Global Corporate Specialty (AGCS) earlier this year.
Zurich says the deal will boost the company’s capacity in the mergers and acquisitions (M&A) insurance space.
As per the agreement, Fusion will be delegated Zurich Australia’s underwriting authority to write Warranties and Indemnities Insurance on its behalf.
“Our partnership with Fusion M&A is another tangible demonstration of how we are deploying our capacity to support brokers in Financial Lines,” said Sean Walker, Chief Underwriting Officer, Zurich Australia & New Zealand.
“This is an exciting step for Zurich and our customers, and we are delighted to be helping bring another product to the market.”
Robin Cooper-Driver, Head of Financial Lines and Casualty, Zurich Australia & New Zealand, said, “Zurich is a leading player globally in the M&A insurance space and it is fantastic to be able to bring that experience to bear in supporting customers and brokers across the Asia Pacific. We look forward to working with Fusion M&A and backing their solutions in the market.”
David Rogers, POP and Fusion’s co-founder and executive partner and head of M&A, commented,“Fusion is delighted to partner with such a highly reputable global insurer as Zurich, with access to additional capacity and its extensive network across APAC.”
Killian McDermott, POP and Fusion’s co-founder and executive partner added, “This is another exciting milestone for Fusion. Our partnership with Zurich further enables us to lead local solutions for middle market M&A transactions throughout APAC.”