POP International Holdings Pty Ltd.
Sydney 2000 NSW
Email: [email protected]
3rd August 2020
HDI Global Specialty and Fusion announces tie-up to strengthen capacity in M&A insurance
HDI Global Specialty SE – Australia (“HDI Global Specialty”), Fusion Specialty MGA Solutions Pty Ltd. and its Authorised Representative, Fusion Specialty Insurance Pty Ltd. (collectively “Fusion”)
HDI Global Specialty and Fusion have today announced a new underwriting agency partnership to offer additional capacity in the mergers and acquisitions (M&A) insurance market in Australia.
The agreement will see HDI Global Specialty delegate its underwriting authority to Fusion, a specialty insurance MGA Platform headquartered in Sydney, Australia, to write Warranties and Indemnities insurance on its behalf. Fusion is already well-established in the M&A market, and will continue to deliver capacity and services in support of the growing Private Equity and Corporate M&A marketplace in the region.
Mark Fleiser, General Manager and Head of Branch, HDI Global Specialty said: “With Fusion we are once again partnering with stand-out professionals in what is a highly sophisticated and specialised line of business. We look forward to working with Fusion and together enhancing the further development of the Fusion portfolio.”
David Rogers, POP and Fusion’s Co-founder and Executive Partner and Head of M&A, said: “Fusion is delighted to partner with such a highly reputable global insurer as HDI Global Specialty, with access to additional capacity and its strong presence in Australia”.
Killian McDermott, POP and Fusion’s Co-founder and Executive Partner added: “This is another exciting milestone for Fusion. Our partnership with HDI Global Specialty further enables us to lead local solutions, with a more efficient and flexible approach for small to mid-market M&A transactions”. INTERNAL USE ONLY
About HDI Global Specialty SE
HDI Global Specialty SE is a joint venture of Hannover Re and HDI Global SE, both being strong and established players in the insurance and reinsurance market. Combining the specialty activities of the Talanx Group into HDI Global Specialty SE, is an excellent platform for putting together cross-business segment expertise and network reach writing agency and specialty insurance business in lines including such as errors & omissions liability insurance, directors’ and officers’ liability insurance (D&O), legal expenses insurance, sports and entertainment, aviation, offshore energy and animal insurance.
Specialist local teams are highly qualified to give quick responses and informed support to the client’s local operations, specifically their special, unusual or difficult insurance needs.
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About FUSION & POP
Fusion is a subsidiary of POP International Holdings Pty Ltd. (“POP”), which is developing a leading international specialist insurance Group, enabled by expertise, partnerships and technology that bring efficiencies across the insurance value chain.
“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 delivering on our promises; 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’s current investments include Fusion, a Specialty MGA Platform to support expert insurance sector entrepreneurs, as well as leading re/insurers to build specialty / specialist insurance businesses. Fusion has operations in Sydney, Hong Kong, Singapore and Chicago. Fusion’s M&A MGA is already a leading M&A insurance provider across APAC, while it has also recently launched Fusion Financial Lines MGA.
The principals of POP and Fusion are Killian McDermott and David Rogers, who have over fifty years’ collective experience and a successful track record of building profitable specialty, structured and affinity insurance businesses, including re/insurers and MGAs in APAC, Europe, Latam and the USA.
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