Fusion, a specialty insurer providing insurance solutions to small and medium-sized businesses, has named Katherine Simmonds as its new managing partner based in Sydney.
Before joining Fusion, Simmonds was the head of corporate for Australia at Gallagher. Previously, she was also a managing director for Australia and New Zealand at Ironshore Insurance and the head of M&A underwriting for Asia-Pacific at AIG.
In her new role, Simmonds will have international responsibilities, including spearheading the continued growth of the firm in the mergers and acquisitions (M&A) insurance market in Australia and Asia-Pacific and growth markets in the USA and Europe.
Fusion was founded by industry veterans Killian McDermott and David Rogers and is a part of the POP Holdings Group. It is rapidly transitioning from a start-up to a global firm in highly specialised insurance markets and partners with major insurers, including Allianz, Markel, Zurich, Ping An, and HDI Global Specialty.
McDermott, co-founder and executive partner, commented that Simmonds brings highly valued expertise to the firm as it prepares to launch new insurtech products and services internationally.
“Katie joins Fusion at an exciting time as we continue to experience significant demand having reached a new milestone of over 200 deals underwritten since our launch less than three years ago,” McDermott added.
David Rogers, co-founder, added: “I'm very pleased to welcome Katie aboard as a partner in our business. We share a successful track record working together, and her unwavering commitment to innovation and top-notch service will allow Fusion to continue delivering market-leading M&A solutions for our brokers and their clients.”
Commenting on her new role, Simmonds said: “I am really looking forward to joining Fusion and to reuniting with my former colleague, David. Fusion is a highly successful business with market-leading financial lines underwriting talent, including Damian Lynch, managing partner.
“With our combined expertise, experience, and energy, our ambition is to transform the insurance experience for our clients and partners, and ultimately to grow a fantastic business that delivers on its promises.”