A major Australian insurer has forged a new underwriting agency partnership that will boost its capacity in the mergers and acquisition (M&A) insurance space.
Zurich Australia has teamed up with Fusion Specialty Insurance (Fusion M&A), a subsidiary of POP Insurance Holdings focussed on supporting cross-border M&A transactions throughout the Asia-Pacific, to allow Fusion M&A to write warranty and indemnity insurance on Zurich’s 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 and 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.”
Killian McDermott, POP and Fusion’s co-founder and executive partner, said the partnership is “another exciting milestone for Fusion” that “further enables us to lead local solutions for middle market M&A transactions throughout APAC.”