POP Insurance Holdings Pty Ltd.
Sydney 2000 NSW
Email: [email protected]
POP announces Strategic Partnership with Rakuten
Sydney, Australia, February 13th, 2019
POP Insurance Holdings (“POP”), a specialist insurance group, headquartered in Sydney, Australia, and its subsidiary Fusion Specialty M&A MGA (“Fusion M&A”), have launched a strategic partnership (“the Partnership”) with Rakuten General Insurance Co. Ltd (“Rakuten”), focused on Mergers and Acquisitions transactions in Japan, and supporting Rakuten’s growth across APAC.
Under the Partnership, Rakuten will provide distribution, direct insurance paper and insurance administration services locally for the Japanese M&A insurance market; with Fusion M&A delivering capacity, as well as distribution, underwriting and claims management services.
The Partnership is offering a full suite of Transactional Insurance solutions, including Warranty & Indemnity, Tax Opinion, and Contingent Liability; serving the growing Japanese Private Equity and Corporate M&A marketplace.
David Rogers, POP and Fusion’s Co-founder and Executive Partner and Head of M&A, commented “We are delighted to partner with Rakuten as another significant step in the build-out of an eco-system of partnerships across the Asia-Pacific region.”
Killian McDermott, POP and Fusion’s Co-founder and Executive Partner added: “There is a great opportunity for the Partnership to better serve and to lead the growth of the Japanese M&A Insurance market. With our commitment to local expertise and solutions, and to enable a better insurance experience through design,
data and technology, we align with Rakuten’s stated mission of “empowering individuals and society through innovation”; and their commitment to “fulfill the diversifying insurance needs of their customers and to provide the most optimal insurance service.””
Kosuke Inada, Senior Executive Officer, CEO Office and Chief Underwriter, M&A Insurance at Rakuten commented: “We have entered into a partnership agreement with Fusion Specialty Insurance Pty Ltd, a highly reputable W&I insurance expert, delivering a wide range of their support in underwriting, claim handling and reinsurance capacity. Through our product, we will support M&A transactions by Japanese companies and contribute to the further development of the Japanese economy.”
About Rakuten, POP and FUSION
Rakuten General Insurance Co., Ltd. offers property and casualty insurance services. Rakuten General Insurance Co., Ltd. was formerly known as Asahi Fire & Marine Insurance Co., Ltd. and changed its name to Asahi Fire & Marine Insurance Co., Ltd. in July, 2018. The company was founded in 1951 and is based in Tokyo, Japan. As of March 13, 2018, Rakuten General Insurance Co., Ltd. operates as a subsidiary of Rakuten, Inc.
POP and Fusion
POP Insurance 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’s current investments include FUSION Specialty Insurance Pty Ltd. (FUSION), an MGA platform to support expert specialty and specialist insurance sector entrepreneurs, as well as leading re/insurers to build specialist insurance businesses throughout APAC.
POP has also established POPAssures, an affinity insurance business.
POPMobi and POPServes are being developed to support FUSION and POPAssures with data analytics, mobile-based distribution, automation of insurance underwriting and administration, and insurance services capabilities.
POP’s principals are Killian McDermott and David Rogers, who have fifty years’ collective experience and a successful track record of building profitable speciality and affinity insurance businesses, including re/insurers and MGAs in APAC, Europe, Latam and the US.