Allied World U.S. has expanded its professional lines operations through the launch of a new mergers and acquisitions division that will be headed up by Jeff Anderson, vice president, in the company’s New York office.
The new division will initially offer representations and warranties insurance, loss portfolio transfers, loss mitigation insurance/litigation buy-outs, tax opinion liability and specific contingency insurance.
“Despite current economic conditions, M&A activity has been on the rise in the U.S. over the past several years and the demand for adequate coverage is growing,” said John McElroy, president, Professional Lines. “Errors that occur during corporate financial transactions can be extremely costly to all parties involved. We have a seasoned M&A unit in the United Kingdom and Jeff will utilize our experienced domestic Allied World M&A resources to provide the same level of protection to our clients in the U.S.”
Anderson has more than 16 years of experience in the insurance industry and a juris doctorate degree from William Mitchell College of Law in St. Paul, Minn.
Before taking on this role, Anderson was vice president, Professional Lines, and responsible for the underwriting, marketing, production and distribution for public company directors & officers insurance, fiduciary liability insurance and employment practices liability Insurance.