RFIB Group Ltd., the international Lloyd’s insurance and reinsurance broker, has launched a Transaction Solutions business with the appointment of James Wilson to lead the division.
Reporting to Paul Chilton, chief operating officer, Wilson brings over 12 years’ experience in transaction insurance to the role and will launch and build the new team. He joins from Protean Risk where he served as head of Transactions Solutions. Prior to this, he held the role of head of transactional insurance & financial lines senior underwriter at Aspen Insurance.
The Transactions Solutions division will provide insurance solutions that address liabilities incurred in the M&A process, which support and help facilitate transactions across a range of industry sectors.
These insurance solutions include:
- Warranty and indemnity (W&I)
- Specific tax liability
- Specific contingent liability
“Central to our growth strategy is the development of specialty propositions where expertise, client understanding and in-depth product knowledge act as the differentiator,” said Dennis Mahoney, CEO of RFIB.
“The transaction insurance sector has undergone phenomenal growth in recent years and there is a clear opportunity for an independent intermediary to provide a bespoke client focused service,” Mahoney added. “James is the ideal candidate to launch our Transactions Solutions business, and I am very pleased to welcome him to the team.”
Source: RFIB Group
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