HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI.
The agreement also sees AMANIKI move from a co-insurance panel of capacity providers to a 100% exclusive binder with HDI Global Specialty.
The Frankfurt-based MGA was formed in March last year and is one of the first standalone German MGAs to specialize in the M&A insurance market. It also has a subsidiary office in London and mainly focuses on UK and European risks.
“We are more than happy to strengthen this strategic partnership and to play our part in empowering this aspiring Agency,” commented Heiko Würtz, managing director and head of Financial Lines at HDI Global Specialty.
“We believe the M&A insurance market in Europe has strong growth potential which the team at AMANIKI is well placed to take advantage of,” Würtz continued.
Niki M. Demirbilek, founder of AMANIKI GmbH, said: “We are delighted to have such a strong partner in HDI Global Specialty on our side. They are an experienced M&A capacity provider with a strong global reputation. It was important to us that we renewed the agreement at a time when other insurers are re-assessing their exposure to specialty niche products. This partnership will allow us to deliver innovative and flexible solutions to our clients.”
Carolina Rieger-Perdomo, senior manager of Transactional Risk Insurance at HDI Global Specialty, noted that Demirbilek is one of the most experienced underwriters in transactional risk insurance.
“She combines more than 20 years’ experience as a qualified German and New York M&A lawyer with more than 12 years’ insurance expertise writing complex, cross border and distress transactions. Together with her experienced underwriters Jaco Van der Merwe and Stefania Fontana, they make a formidable team,” added Rieger-Perdomo.
AMANIKI GmbH and its UK subsidiary, AMANIKI Ltd., underwrite a range of transactional liability insurance products for clients registered in the EU and certain other selected jurisdictions. Products include warranty & indemnity insurance, contingent tax insurance and contingent other. AMANIKI has a broad risk appetite not only in terms of jurisdiction but also industry and risk type, reflecting the team’s composition, language abilities and experience, said HDI.
Source: HDI Global SE
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