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Liberty Mutual unit forms global M&A transactions group

Liberty Mutual unit forms global M&A transactions group

The Global Risk Solutions unit of Liberty Mutual Insurance Co. has formed Global Transactional Solutions to centralize its mergers and acquisitions insurance business and will change underwriters beginning Jan. 1, the insurer said in a statement Wednesday.

The creation of the group will make it easier for brokers and buyers to access its range of mergers and acquisitions products, including representations and warranties/warranty and indemnity, tax liability, tax credit and contingent risk insurance, the statement said.

Effective Jan. 1, 2019, GTS will write M&A business on behalf of Liberty Mutual’s Lloyd’s of London Syndicate 4472 and Liberty company platforms, the statement said.

Until that time, GTS will continue to write M&A business on behalf of Pembroke Syndicate 4000 and Ironshore Ltd. company platforms. The creation of GTS does not change the current contacts M&A brokers and buyers have at Liberty Mutual, the statement said.

“We continually evaluate and transform our organization to ensure that we have the right operating models in place to add even more value for our customers and position Liberty Mutual for strong growth in the decades ahead,” a company spokesman said via email in regard to the change in underwriters. “Liberty Mutual created GTS to bring the vast transactional risk experience from across the company into a single global operation that better serves mergers and acquisition brokers and buyers.”         

Rowan Bamford, president of GTS global M&A, will lead the group, which will operate as a stand-alone business unit, the statement said. Also part of the group are Tom Cartwright, head of tax; William Lewis, head of Asia Pacific; Gareth Rees, head of Europe, Middle East and Africa; and James Swan, head of Americas.

“The M&A insurance market is growing quickly as brokers and buyers increasingly turn to insurance solutions to better manage a range of transactional risks and to effectively take deal-blocking issues off the table,” Mr. Bamford said in the statement.






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