Fusion Specialty has launched a new offering to provide solutions for M&A insurance in the UK, headed by managing partner Josh Cowen and partner Samuel Shirley.

Serving the UK SME market, Fusion Specialty UK will provide access to its kind M&A Insurance online (Mio) product, along with a technology driven and enabled warranties and indemnities and broader M&A insurance offering which are designed specifically for (lower) mid-market M&A transactions, offering deal appropriate, specialist coverage and pricing, together with streamlined processes.

Similarly with Fusion Specialty’s recently announced US launch, capacity for its Mio offering is provided by security including Markel International Insurance Company, and insurance cover will be delivered over the io.insure insurtech platform.

Fusion Specialty UK will soon announce its trading entry into the (lower) mid-market W&I, contingent risks and excess tax liability markets, followed by SME financial lines, enabled by the io.insure data and technology platform.

Cowen joins Fusion Speciality UK as managing partner having previously built an expansive M&A proposition and team from a standing start as head of M&A underwriting at Aviva. Shirley also joins from Aviva where, as a senior underwriter and alongside Cowen, he built the M&A business and its transactional risk portfolio.

Cowen said: “2021 was the most consistently buoyant year for M&A activity that the global M&A insurance market has experienced for some time. Whilst we cannot expect quite the same level to be sustained into 2022, we do expect activity to remain strong, particularly into the last quarter of the year as dealmakers take the summer to prepare sale processes for year-end completions.”

Shirley added: “We see the SME-lower mid-market sector as underserved and under-tapped by the traditional M&A insurance approach. We are incredibly excited to join Fusion Specialty as we take the opportunity to develop and supply innovative and disruptive solutions for the sector, backed by both technology and leading underwriting expertise.”

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