FUSION SPECIALTY INSURANCE PTY LTD, ABN 99 626 797 742, is an Authorised Representative No. 001277121 of FUSION SPECIALTY MGA SOLUTIONS PTY LTD, ABN 50 010 454 90, AFS Licence 230917.
Fusion Specialty MGA Solutions Pty Ltd.
Sydney 2000 NSW
Damian Lynch joins Fusion Specialty as Managing Partner of Financial Lines
Sydney, Australia, 15 April 2020
Fusion Specialty MGA Solutions Pty Ltd. and its Authorised Representative, Fusion Specialty Insurance Pty Ltd. (collectively “Fusion”), a specialty insurance MGA Platform headquartered in Sydney, Australia, has announced that Damian Lynch has joined as Managing Partner, Fusion Financial Lines MGA (“Fusion FL”) with immediate effect. Lynch has also been appointed as a Partner in Fusion’s M&A Insurance MGA.
In his new role as head of Fusion FL, Lynch will focus on providing unique financial lines expertise, high quality capacity and a technology enablement in support of long term distribution partnerships, initially in the Australia and New Zealand markets. With over 25 years of experience as a highly successful financial lines leader and underwriter across the Asia Pacific region, Lynch’s expertise spans D&O, FI, transactional risks, professional lines and cyber products.
Damian Lynch, Managing Partner, Fusion FL commented: “I am delighted to have the opportunity to join Fusion, a nimble, innovative and technologically driven organisation. I believe that Fusion’s culture and capabilities position it extremely well to benefit all of its partners and stakeholders in the current difficult market environment. I look forward toworking with my new partners to drive the Fusion Financial Lines business ahead.”
David Rogers, Fusion’s Co-founder and Executive Partner and Head of M&A, commented: “I am delighted that Damian has joined our partnership. The timing is right for a new entrant in the Australian financial lines market, with Fusion FL offering a differentiated proposition in demanding conditions. Damian is widely recognised as the leading financial lines underwriting expert in the Asia Pacific market and brings a wealth of knowledge from his experience of managing these specialty products across market cycles. Damian is therefore ideally positioned to better serve our broker, clients and insurance company partners.”
Killian McDermott, Fusion’s Co-founder and Executive Partner added: “Fusion’s MGA Platform is designed to support leading entrepreneurial underwriters who use their expertise and experience to build unique specialist insurance businesses that drive real change in our sector through a unique combination of people and technology, delivering a better insurance experience for our distribution partners and their clients. Damian has all the capabilities to lead Fusion FL and I am very pleased that he has joined us.”
About POP and FUSION
POP International Holdings Pty Ltd. (POP) is developing a leading specialist insurance Group, delivering growth organically and through small cap acquisitions, focused initially on the Asia Pacific Region.
“POP” stands for: (1) “Power of People” – enabling stakeholders to live their potential; and (2) “Power of Protection” – high quality products and underwriting, focused on our clients and their needs; and (3) “Power of Partnerships” – building a new specialist insurance ecosystem, through partnerships between clients, MGAs – underwriters, re/insurers, distributors, technology, marketing and services companies.
POP is investing in businesses that are enabling and enhancing insurance through people’s expertise, applied technology and data solutions that bring efficiencies across the insurance value chain.
POP’s current investments include Fusion, a Specialty MGA Platform in Sydney, Hong Kong and Singapore to support expert specialty and specialist insurance sector entrepreneurs, as well as leading re/insurers to build specialist insurance businesses throughout APAC. Fusion’s M&A MGA is now a leading transactional liability insurance provider across APAC.
POP’s principals are Killian McDermott and David Rogers, who have over fifty years’ collective experience and a successful track record of building profitable speciality, structured and affinity insurance businesses, including re/insurers and MGAs in APAC, Europe, Latam and the US.