Thanks to its significant expansion since coming to life in late 2017, Transact Risk Partners is now a standalone underwriting cell on the managing general agent formation platform of Castel Underwriting Agencies Limited.
What used to be a division within the Castel Specialty portfolio has seen strong and sustained growth, according to Sammy Shihab, who leads the Transact team. Based in Castel’s branch office in Amsterdam, the business provides warranty and indemnity insurance for M&A (mergers and acquisitions) transactions as well as tax risk cover for tax liabilities Europe-wide.
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