Sydney, 14 October 2021 – Fusion, a speciality insurer providing innovative insurance solutions to small and medium-sized businesses, has appointed highly-regarded executive, Katherine Simmonds, as Managing Partner.
Based in Sydney, Katherine will have global responsibilities for the firm and will help spearhead the continued growth of Fusion in the Mergers & Acquisitions (M&A) insurance market across Australia, Asia Pacific, and in growth markets in the USA and Europe.
Founded by industry veterans Killian McDermott and David Rogers, Fusion is part of the POP Holdings Group and is rapidly transitioning from a start-up to a global leader in highly specialised insurance markets. It now partners with some of the world’s leading insurers including Allianz, Markel, Zurich, Ping An and HDI Global Specialty.
Announcing Simmonds’s appointment, the company’s Co-Founder and Executive Partner, Killian McDermott said, “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. With her extensive background in M&A and her success in building and growing underwriting and broking businesses, she brings highly valued expertise to the company as we prepare to launch new InsurTech products and services internationally.”
Co-founder, David Rogers, 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”.
Simmonds joins Fusion from Gallagher, where she was Head of Corporate, Australia. Her previous roles include Managing Director, Australia and New Zealand at Ironshore Insurance, and Head of M&A Underwriting, Asia Pacific at AIG.
“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,” said Simmonds.
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Established in 2018, Fusion is the leading specialist underwriting agency (MGA) focussed on providing innovative insurance solutions, primarily to the small and medium-sized business market. Fusion has written more SME deals than any other insurer across the region since 2019.
Backed by large global insurance partners, Fusion is rapidly expanding globally with offices in Melbourne, Sydney, Singapore, Hong Kong and Chicago.
Fusion is part of the POP Holdings Group which invests in capital-light, niche, data and technology enabled, and well positioned businesses that are transforming M&A, Financial Lines and specialty insurance experiences.
To learn more, please visit https://fusion.insure/