Liberty Mutual's unit centralized its vast M&A insurance solutions expertise into its GTS.
BOSTON: Liberty Mutual's Global Risk Solutions strategic business unit centralized its vast mergers & acquisitions (M&A) insurance solutions expertise into its newly formed Global Transaction Solutions group (GTS).
The creation of GTS does not change the current contacts M&A brokers and buyers have at Liberty Mutual. Effective January 1, 2019, GTS will write M&A business on behalf of Liberty Mutual's Lloyd's of London Syndicate 4472 and Liberty company platforms. Until that time, GTS will continue to write M&A business on behalf of Pembroke Syndicate 4000 and Ironshore company platforms.
GTS will operate as a global, stand-alone business unit, providing its brokers and clients with centralized M&A expertise across a global platform backed by expert, dedicated M&A claims handling. The creation of GTS will enable Liberty Mutual to provide innovative solutions in the rapidly emerging global transactional risk insurance solutions market by making it easier for brokers and buyers to access a range of effective M&A products from a financially strong partner.
President, GTS Global M&A Rowan Bamford will lead GTS, which offers representations and warranties/warranty and indemnity, tax liability, tax credit and contingent risk insurance and will thoughtfully expand capacity to better serve the global transactional risk market.
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|Publication:||Daily the Pak Banker (Lahore, Pakistan)|
|Date:||Sep 18, 2018|
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