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MGA Fusion Specialty unveils M&A insurance online

Posted On: May. 20, 2022 10:50 AM CST

M&A

Managing general agency Fusion Specialty Insurance Pty Ltd. said Thursday it has introduced online mergers and acquisitions insurance in the U.S. for small and mid-size businesses.

Fusion Americas will offer coverage for small to mid-market M&A transactions with limits of up to $10 million available.

Capacity is provided by various insurers including Markel International Insurance Co. and coverage is provided over the io.insure platform, Fusion said.

Fusion Americas will be headed by managing partner Brian Hayes, who joined the company in April. Mr. Hayes, who is based in Boston, was previously vice president at American International Group Inc.

Michael Mora, part of Fusion’s founding underwriting team, has been named senior partner of underwriting and operations, based in Chicago. It has also hired Michael Federer as partner, M&A. Mr. Federer, who is based in Dallas, was previously senior corporate counsel at Tailored Brands Inc.

“The small and mid-size M&A marketplace in the U.S. is underserved with limited access to suitable insurance products offering appropriate levels of cover, conveniently and at an affordable price point,” Mr. Hayes said.