Fusion expands partnership with AGCS in Asia
Fusion Specialty Asia Limited have extended their partnership with Allianz Global Corporate & Specialty to provide a platform for specialist Warranty & Indemnity insurance deals across the continent.
As part of the the partnership Fusion and AGCS will offer W&I solutions and local underwriting and claims capabilities.
In Hong Kong, Fusion acts as an agent for AGCS and as a hub to support the partnership across the Asian M&A insurance market.
David Rogers, Co-founder & Executive Partner, and Head of M&A, said, “We are delighted by the partnership of Fusion and AGCS. “The combination of Fusion’s infrastructure, experience and partnerships, with AGCS’ high quality financial rating and extensive network of local operations across Asia, uniquely position us with a market leading M&A insurance offering for insureds, advisors and brokers.”
Fusion notes how the M&A market in Asia has grown substantially over the past decade, a trend expected to continue in the long term. Consistent with this, W&I insurance in Asia is seeing strong growth with total premium placed in the market increasing more than five times over the same period.
Killian McDermott, Fusion’s Co-founder & Executive Partner added, “Establishing Fusion in Hong Kong as the sole licensed M&A insurance MGA in Asia, aligned with our long term partnership with AGCS, are exciting new developments for the M&A marketplace. “Our expertise and joint infrastructure across Asia support our joint commitment to offer better and more flexible M&A insurance solutions, as well as more efficient services, locally.”
8 June 2021
• Expansion of partnership with Allianz Global Corporate & Specialty in Asia servicing clients in Hong Kong and the PRC, Singapore and South East Asia, Korea, India and Japan.
• Partnership will offer Warranty & Indemnity (W&I) solutions serving the Private Equity and Corporate M&A marketplace
• Asian W&I market seeing increased demand with premium volume expanding significantly over the last five years.