Liberty Mutual’s Global Risk Solutions strategic business unit has centralized its mergers & acquisitions (M&A) insurance offerings with the formation of Global Transaction Solutions group (GTS).
The creation of GTS is intended to simplify access for brokers and buyers to a range of Liberty Mutual M&A products. 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 dedicated M&A claims handling.
Rowan Bamford, president, GTS Global M&A, will lead GTS, which offers representations and warranties/warranty and indemnity, tax liability, tax credit and contingent risk insurance and will expand capacity to better serve the global transactional risk market.
According to Bamford, Liberty Mutual brought its M&A team members from across its Ironshore and Pembroke platforms together to create a single integrated unit.
Included within GTS under Bamford’s leadership are:
- Tom Cartwright, GTS Head of Tax
- William Lewis, GTS Head of Asia Pacific
- Gareth Rees, GTS Head of Europe, Middle East and Africa
- James Swan, GTS Head of Americas
Liberty Mutual said the creation of GTS does not change the current contacts M&A brokers and buyers have at Liberty Mutual. Effective Jan. 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.
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