Great American Insurance Group, based in Cincinnati, Ohio, has launched a new Mergers & Acquisitions Liability Division.
This unit, which is based in New York, will offer primary and excess representations and warranties and tax indemnity insurance coverage for U.S.-based corporate transactions, acquisitions or disposals. Coverage will be available nationwide.
In connection with the launch, Roy Reynolds has joined Great American as divisional senior vice president – U.S. practice leader. Reynolds has 13 years of underwriting experience within the mergers and acquisitions insurance field. He held previous positions at Chubb, The Hartford and Montpelier/Endurance. Prior to these positions, Reynolds was a practicing tax attorney.
Garry Gordon has also joined Great American as divisional vice president. Gordon has 11 years of underwriting and claim experience within the mergers and acquisitions insurance field. He held previous positions at The Hartford, Allied World and Montpelier/Endurance. Prior to these positions, Gordon was a practicing mergers and acquisitions attorney.
Great American’s newly-formed Mergers & Acquisitions Liability Division is expected to begin accepting new business submissions in January 2016.
The new operation is led by Marketform Global Practice Leader Robert Brown. Marketform is a Lloyd’s Syndicate for Great American Insurance. The group will have global underwriting capability for clients with both domestic U.S. and cross-border mergers and acquisitions transactions.
Source: Great American Insurance Group
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